1053 - Contracts for rural area revitalization projects.

§  1053.  Contracts  for  rural area revitalization projects. 1.   The  corporation may, in the name of the state,  enter  into  contracts  with  qualified  applicants  for  the performance of rural area revitalization  projects.    2. The corporation may enter into a contract pursuant to this  section  only if he determines that:    (a)  the  region  to  be  served is a portion of the rural area of the  state which is in need of revitalization and can benefit from a  program  carried out by one or more locally based groups.    (b)  the  applicant organization, or any predecessor organization, has  had appropriate experience in community preservation activities; that it  has, or shows that it can  acquire,  the  capability  and  expertise  to  undertake  successfully the proposed project; and that it is managed and  directed by  persons  representative  of  the  region  within  which  it  operates.    (c)  the  project  or  projects,  alone  or  in combination with other  proposed activities of the  applicant  or  others,  will  be  likely  to  contribute  in  a significant way towards the revitalization and general  community renewal of the region.    3. Each contract pursuant to this section shall provide for payment by  the corporation for the activities to be carried  out  pursuant  to  the  contract.  Such  payment  shall  be based on the projected costs of such  activities and the other sources of funding which may  be  available  to  the  applicant  (including,  if  applicable, funding pursuant to article  seventeen of this chapter) from any  source.  The  total  state  payment  pursuant  to  any  one  contract  shall  not exceed two hundred thousand  dollars.    4. The contract shall provide for completion of the project  within  a  reasonable  period,  as  specified therein, which shall not in any event  exceed two years from its commencement.    5. For any application for such a contract  under  this  article,  the  corporation  shall  provide the applicant with a list of conditions that  must be met prior to entering into a contract pursuant to this  article.  Within  fifteen  working  days  of  receipt  by  the  corporation of all  documents in satisfaction of the list, the corporation shall notify  the  applicant  of  the  sufficiency or insufficiency of the documents. After  satisfaction  by  the  applicant  of  all  conditions  required  by  the  corporation  prior  to  entering  into  a contract the corporation shall  enter into the contract within forty-five working days  of  satisfaction  of such conditions.