§ 3570.66 - Determining the maximum grant assistance.

§ 3570.66 Determining the maximum grant assistance.

(a) Responsibility. State Directors are responsible for determining the applicant's eligibility for grant assistance.

(b) Maximum grant assistance. Grant assistance cannot exceed the lower of:

(1) Qualifying percentage of eligible project cost determined in accordance with § 3570.63(b);

(2) Minimum amount sufficient to provide for economic feasibility as determined in accordance with § 3570.61(d); or

(3) Either 50 percent of the annual State allocation or $50,000, whichever is greater, unless an exception is made by the RHS Administrator in accordance with § 3570.90.