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62 FR 16469, Apr. 7, 1997, unless otherwise noted.
64 FR 32388, June 17, 1999, unless otherwise noted.
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(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.