Section 299.2654. Eligibility requirements.

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Rule 4. (1) For the board to formally consider and take action on an application, an applicant shall be a person as defined in section 2(e) of the act and shall be a resident of or shall be conducting business within the state of Michigan.

(2) An applicant shall provide to the board, as part of the application, documentation to demonstrate that the applicant has the expertise and facilities to carry out to completion the proposal for which the grant or loan is requested.

(3) An applicant shall provide assurances to the board that if a match is available and that if the grant or loan is awarded, major obstacles to the successful and timely commencement and completion of the project do not exist. The match shall not consist of other state grant or loan funds that include special legislative appropriations and shall be otherwise consistent with statutory requirements.

History: 1991 AACS.

                    
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