What are acceptable and unacceptable uses of operational assistance grant funds?
As a general rule, anything that could be attributable to the normal costs associated with running a concern would be an inappropriate use of operational assistance grant resources. For instance, if a concern in which an NMVCC invests or expects to invest needs the professional assistance of an accountant to set up a suitable accounting system, the NMVCC could pay for that short-term need with grant funds. However, maintaining the accounting system once it is in place would become the financial responsibility of the concern, and the NMVCC could not use grant funds to pay for that long-term need.
