1. (a) Amount. The minimum amount of award will be $50,000. The maximum amount of award will be $2 million.

2. (b) Percentage. The state may provide up to:

   1. (1) 50% of the amount of matching money or investment that the local governmental entity is required to provide for acquiring federal grants;
   2. (2) 50% of the local governmental entity's investment for qualifying redevelopment projects; or
   3. (3) in cases where the local governmental entity demonstrates to the Commission that resources are not available because of a limited local governmental entity budget, 80% of the amount of matching money or investment required.

3. (c) Certification.

   1. (1) Local governmental entities are encouraged to acquire financial assistance for eligible development projects from a variety of sources, including federal, state, local and private/public foundations. The Chief Financial Officer of the local governmental entity or the local governing body making application will provide certification demonstrating reasonable local community efforts to acquire funding from other sources when the state is the only other financial partner.
   2. (2) Provision has been made to assist local communities unable, due to limited budget or resources, to provide 50% of the amount of matching money or investment required. Under these circumstances a local governmental entity may be eligible to receive a grant of 80% of the amount of matching money or project investment required. In making application under this provision, the Chief Financial Officer or the local governing body making application will certify that local community budget and resources are not adequate or available and provide specific information on local efforts to secure adequate funding. Justification should include an overview of the status of development sales tax efforts and bond authority.

Source Note:The provisions of this §4.34 adopted to be effective September 13, 2007, 32 TexReg 6127.