South Carolina Recoverable Grant Agreement
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How to fill out Recoverable Grant Agreement?
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FAQ
In May 2022, the SC General Assembly passed its plan to allocate a majority of the state's ARP dollars. The allocation includes $900 million to create the SC Infrastructure Investment Program, a major one-time initiative to improve water, wastewater and stormwater systems throughout the state.
The American Rescue Plan Act specifies eligible costs incurred between March 3, 2021 and December 31, 2024. The California 2021-22 Budget Act, as amended by Chapter 2 of the Statutes of 2022, included language to allow time to reallocate unspent funds and provide some additional flexibility on timing.
To apply: Register in Grants.gov ? Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).
$1,400 per-person checks People making up to $80,000 will receive partial payments. Those with dependents will receive $1,400 per person, including college students and seniors claimed as dependents.
Eligible uses of these funds include: COVID-19 expenditures or negative economic impacts of COVID-19, including assistance to small businesses, households, and hard-hit industries, and economic recovery, Premium pay for essential workers, Investments in water, sewer, and broadband infrastructure.
Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.