- (a) Should OHRV or snowmobile revenues fall short of the estimated amounts, GIA awards shall be reduced by the amount of the revenue shortfall. If GIA revenues are insufficient to fund projects at the percentages noted in Ncr 843.02, the bureau shall have the ability to offer partial funding to an applicant, which is lower than those proportions noted in Ncr 843.02, and the applicant may determine if they wish to accept the lower project funds.
- (b) Any non-GIA grant(s) received for purchases of equipment shall be deducted from the total cost of a new or used piece of equipment before calculating a GIA award.
- (c) In the event that an applicant is purchasing new equipment, and that applicant is selling or trading-in property previously purchased through the GIA program as part of the financing for that new equipment, then the bureau shall compare the value of that sale or trade-in against the amount of the purchase price not covered by the GIA award. If the sale or trade-in value is greater than the proportion of the purchase price not covered by the GIA award, then the bureau shall reduce the GIA award below that specified in Ncr 843.02 to the extent necessary to prevent the combination of the sale or trade-in value and the GIA award from exceeding 100% of the value of the new equipment.
Source. #14293, eff 6-25-25, EXPIRES: 6-25-35