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003.19.10-I. Funding for Fresh Start Program

AR ADC 003.19.10-IArkansas Administrative CodeEffective: December 28, 2020

West's Arkansas Administrative Code
Title 003. Department of Commerce
Division 19. Economic Development Commission
Rule 10. Arkansas Fresh Start Covid-19 Housing Stabilization Program
Effective: December 28, 2020
Ark. Admin. Code 003.19.10-I
003.19.10-I. Funding for Fresh Start Program
Currentness
A. The maximum funding available under the Fresh Start Program shall be $10 million, provided through funds under Section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act funds.”), and from the U.S. Department of Housing and Urban Development (“HUD”) Community Development Block Grants allocated to prevent, prepare for, and respond to COVID-19 (the “CDBG-CV funds”).
B. The expenditure of any CARES Act funds and CDBG-CV funds shall be conditioned upon adequate appropriation for such funds by the Arkansas General Assembly. Additionally, the use of CDBG-CV funds is conditioned upon AEDC's satisfaction of all the necessary HUD regulatory requirements associated with the use of CDBG-CV funds.
C. All CARES Act funds must be fully expended by no later than December 30, 2020. All CDBG-CV funds must be expended no later than the deadline set forth in the terms of the HUD grant award to AEDC and applicable HUD regulations.

Credits

Adopted emergency effective Oct. 16, 2020. Adopted effective Dec. 28, 2020.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 003.19.10-I, AR ADC 003.19.10-I
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