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 governing board may provide up to:

   1. (1) 50 percent of the amount of matching money or investment that the local governmental entity is required to provide for acquiring federal grants; or
   2. (2) 50 percent of the local governmental entity's investment for qualifying redevelopment projects; or
   3. (3) 80 percent of the amount of matching money or investment required in cases where the local governmental entity demonstrates to the Commission that resources are not available because of a limited local governmental entity budget; or
   4. (4) 100 percent to a public junior college, a campus or extension center as defined in §486.003(a)(3) or (4) of the Government Code.

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 submitting the application will provide adequate certification showing reasonable local community efforts to acquire funding from other sources when the state is the only other financial partner.
   2. (2) In submitting an application under subsection (b)(3) of this section, the Chief Financial Officer or the local governing body will certify that local community budget and resources are not adequate or available and shall 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 November 25, 2009, 34 TexReg 8311.