Applicant eligibility requirements include the following:

1. (1) The applicant is an eligible nonprofit organization in good standing with the Secretary of State’s office, a city of the first class, city of the second class, incorporated town, unincorporated community, county, or governmental entity of the State of Arkansas;
2. (2) The applicant has submitted a completed application, on forms supplied by the Arkansas Economic Development Commission, that has been signed by the governing official authorized by the applicant’s jurisdiction to conduct business on its behalf;
3. (3) The application is for an eligible nonprofit organization project or an eligible community and economic development project that meets the objective of the CAGP;
4. (4) Requested funding is for eligible project costs;

5. (5)

   1. (A) The amount of funding available to any one (1) project in any state fiscal year shall not exceed one million five hundred thousand dollars ($1,500,000).
   2. (B) Award amounts shall be determined by the commission based upon overall available funding, and award amounts may vary to what was requested by the applicant;

6. (6)

   1. (A) The applicant must be able to match its grant award with cash, in-kind labor, in-kind materials, or in-kind land at a flexible twenty percent (20%) rate, dependent on project need.
   2. (B) The value of all matching, including any in-kind matching, must be documented by bank statements for cash, official cost estimates for in-kind materials and labor, or official appraisals for land.

   3. (C)

      1. (i) Official cost estimates for in-kind materials and professional labor should document what the material or professional labor would cost if it were not being donated.
      2. (ii) Community labor being donated is equal to eighteen dollars and four cent ($18.04) per hour.
      3. (iii) Official appraisals for land may be in the form of an appraisal from a certified appraiser or a copy of the property assessment from the county clerk.
   4. (D) The amount of matching funds or in-kind donations provided by the grantee will be considered in the scoring process.
   5. (E) A match is dependent on the project need, and not all match requirements will be waived.
   6. (F) This determination will be made in the application review process;
7. (7) The application is accompanied by a resolution passed by the city council or quorum court, or nonprofit board, whichever is appropriate, instructing the governing official authorized by the applicant’s jurisdiction to conduct business on its behalf to apply for CAGP funding; and
8. (8) The applicant shall complete the application submittal and review processes delineated in 15 CAR §§ 181-105 and 181-106.