All Applicants and Applications must submit Documentation of
a commitment of at least $15,000 for cash reserves to facilitate administration
of the program and to ensure the capacity to cover costs prior to
reimbursement or costs determined to be ineligible for reimbursement.
The amount of the cash reserve commitment must be included in the
Applicant's resolution. To meet this requirement, Applicants must
submit:
(1) financial statements indicating adequate local
unrestricted cash or cash equivalents to utilize as cash reserves
and a letter from the Applicant's bank(s) or financial institution(s)
indicating that current account balances are sufficient; or
(2) evidence of an available line of credit or equivalent
in an amount equal to or exceeding the requirement in this subsection;
and
(3) evidence that the Service Area for a Contract or
RSP Agreement includes the entire rural or urban area of a county
as identified in the Application, excluding Participating Jurisdictions.
However, Service Areas must include Participating Jurisdictions as
applicable if the Agreement includes access to the Persons with Disabilities
set-aside. If the Applicant is a unit of local government, the Service
Area may be limited to the boundaries of the jurisdiction of the Applicant.
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