Our commissioners have a sales agreement in place with a developer and would like to purchase a parcel of land. May we use the RACP grant to buy the property while we decide what to build on it?
The statutes governing the RACP grant program permit the use of RACP proceeds for land acquisition; however, this cannot be the entire scope of the RACP grant. Some of the grant funding must be used for construction activities. The Office of the Budget cannot reimburse on land only, without any construction work.
