19A NCAC 06B .0411. ALLOCATION OF FUNDING

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(a) After evaluation of public benefits, including new employment and capital investment and funding available, the Department may award up to a maximum 50% of total project costs. Except as provided in Paragraph (b) of this Rule, a project shall receive no more than 20% of the annual budgeted funding for the RIAP in any fiscal year.

(b) The North Carolina Board of Transportation may approve funding above the maximum for individual projects based on the following criteria:

(1) Comparison of project costs, benefits, and grantee resources; and

(2) Availability of funding.

History Note: Authority G.S. 136-44.36; 143B-350(f) and (g);

Eff. April 30, 1997.

                    
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