Determining the maximum grant assistance
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Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
(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.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.