The following conditions and criteria shall be met by a fair to be eligible for a capital improvement program grant awarded by the commissioner. However, the commissioner may make exceptions to the above conditions and criteria. The fair applicant shall:

1. I. Be a non-profit association located in New Hampshire that is a full member in good standing with the New Hampshire Association of Fairs and Expositions.
2. II. Annually hold events that offer contests or exhibits of 4-H members and clubs, Future Farmers of America members and clubs, granges, farm crops, domestic livestock competitions, or home crafts.
3. III. Be managed by a board of directors who are responsible for the business affairs and operational activities and policies.
4. IV. Have a board of directors who are subject to and compliant with local, state, and federal laws and regulations.
5. V. Have a treasurer who has charge of the financial affairs of the corporation and ensures that grant funds received from a state grant are used in accordance with the applicant's proposal as approved by the department commissioner.
6. VI. Operate a minimum of 3 consecutive, 8-hour days per year.
7. VII. Submit a capital improvement project that has a minimum useful life of 20 years and shall be completed within 2 years of execution of a contract to perform work authorized by the grant.
8. VIII. Contribute matching funds or in-kind services in an amount equal to 30 percent or more of the value of the grant.
9. IX. Not have already completed the project for which the applicant seeks reimbursement.

Source. 2022, 208:1, eff. July 1, 2022.