13-2707 Department; evaluation criteria. - Nebraska Statutes

13-2707. Department; evaluation criteria.The department shall evaluate all applications for grants of assistance based on the following criteria:(1) Attraction impact. Funding decisions by the department shall be based in part on the likelihood of the project attracting new cultural, civic, or convention activity to Nebraska from outside of Nebraska. A project with greater out-of-state draw shall be preferred over a project with less impact;(2) Socioeconomic impact. The project's potential for long-term positive impacts on the local and regional economy and society;(3) Financial support. Assistance from the fund shall be matched at least equally from local sources. At least eighty percent of the local match must be in cash. Projects with a higher level of local matching funds shall be preferred as compared to those with a lower level of matching funds;(4) Readiness. The applicant's fiscal and economic capacity to finance the local share and ability to proceed and implement its plan and operate the convention center; and(5) Project location. A project shall be located in the municipality that applies for the grant. SourceLaws 1999, LB 382, § 19; Laws 2003, LB 385, § 3.