Rule 164-2-17 | Project schedule.
An application to fund a project shall provide for a schedule for the closing for acquisition of real property or an easement to be completed within one year of release of the project agreement. If, in addition to, the acquisition of real property or an easement, the project agreement provides for site improvement, restoration, or other work, it must be completed within two years from the date that the real property or easement was acquired. Any project agreement that provides only for site improvement, restoration, or other work, such work shall be completed within two years from the date of the agreement. Requests for an extension must be made to the director in writing who will review the reasons for the delay and determine if an extension will be granted.
Last updated February 15, 2024 at 2:28 PM
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