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EMERGENCY REPAYABLE GRANT PROGRAM FOR FY 10-11
The
Commission has established an Emergency Repayable Grant Program for FY 10-11.
This program shall be implemented only on an as-needed basis, for agencies that
serve the First 5 target audience and that have experienced a delay in fund
disbursal from the State of California, due to the delay in approval of the
California budget. Up to $300,000 has been set aside for this purpose. Key
elements of the loan program are:
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Repayable Grants shall only be available to programs that serve the First 5
target audience with services consistent with the First 5 Tuolumne Strategic
Plan (in the areas of family functioning, early development, and health) and
who depend on State of California funds for operations, and whose ability to
continue operations is measurably threatened by a delay in the signing of
the State budget. |
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Repayable Grants shall be interest free, and will be due in full within a
month of the date that the first reimbursement from the State of California
is paid to the organization. |
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Repayable Grants shall be awarded based on the agency’s need for cash flow
to continue operations, and shall be disbursed on a month-to-month basis,
once approved. |
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Repayable Grants shall be made only at the discretion and approval of the
Commission. Criteria will include: (1) that agencies demonstrate long term
stability; (2) that the programs being considered for assistance can
provide evidence that there is a very high likelihood of a pending contract
approval by the State of California for FY 10-11: (3) that agencies first
access whatever lines of credit or reserve funds they have available to
weather a delay in state reimbursement; and (4) that all money advanced will
be for programs that serve the First 5 target recipients (children age 0-5,
their caregivers, and/or pregnant women). |
Application Forms
Or Call Sheila Kruse at 209 586-2337 for more information
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