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Federal Register / Vol. 86, No. 113 / Tuesday, June 15, 2021 / Rules and Regulations application. The submission date of record for such modified applications will be the date the Agency receives the modified application, and the application will be processed by the Agency as a new application under this subpart. Applications that are modified due only to partial funding being available for the selected award are not subject to this provision.
e Incomplete applications.
Applicants must submit a complete application in compliance with 4284.1115 in order to be considered for funding. If an application is incomplete, the Agency will identify those parts of the application that are incomplete and return the documents, with a written explanation, to the applicant for possible future resubmission. Upon receipt of a complete application by the appropriate Agency office, the Agency will complete its evaluation and will compete the application in accordance with the procedures specified in 4284.1118, as applicable.
f Application withdrawal. During the period between the submission of an application and the execution of grant award documents for an application selected for funding, the applicant must notify the Agency, in writing, if the project is no longer viable or the applicant is no longer requesting financial assistance for the project.
When an applicant withdrawal request is received by the Agency, the selection will be rescinded and/or the application withdrawn from further processing and funding consideration.
g Time limit on use of grant funds.
Except as provided in paragraph g1
of this section, grant funds not expended within the initial grant term of 4 years from the date the financial assistance agreement was signed by the Agency will be returned to the Agency.
1 Time extensions. The Agency may extend the 4-year grant time limit if the Agency determines, at its sole discretion, that the grantee is unable to complete the project for reasons beyond the grantees control and that the grantee has established an active jobs accelerator and related programming.
Grantees must submit a request for the no-cost extension no later than 90 days before the expiration date of the Financial Assistance Agreement. This request must describe the extenuating circumstances that were beyond its control to complete the project for which the grant was awarded, elements of completion that are required and their timeframe, and why an approval is in the governments best interest. The Agency may extend the grant term up to an additional two-year period.

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Additional extensions will not be granted.
2 Return of funds to the Agency.
Funds that exceed the amount the grantee is entitled to receive under the financial assistance agreement or that are remaining after grant closeout will be returned to the Agency.
4284.1111

Notifications.

a Eligibility. If an applicant or its project is determined by the Agency to be ineligible at any time, the Agency will inform the applicant, as applicable, in writing of the decision, reasons therefore, and any applicable appeal rights. No further processing of the application or disbursement of grant proceeds, if funds have been previously awarded, will occur.
b Funding determinations. Each applicant, as applicable, will be notified of the Agencys funding decision on its application. If the Agencys decision is to not fund an application, the Agency will notify the applicant in writing including the reasons for the determination and any applicable appeal or review rights.
4284.1112 Rural jobs accelerator partnership eligibility.

A rural jobs accelerator partnership Partnership organizes key community and regional stakeholders into a working group that focuses on the shared goals and needs of the targeted industry clusters. To be eligible for a RISE grant under this subpart, the Partnership must be formed on or after December 20, 2018, and meet each of the criteria specified in paragraphs a through d of this section. The Agency will determine a Partnerships eligibility based on the criteria herein.
a The Partnership must include one or more representatives of the following:
1 A State, Tribal or local government;
2 A State, Tribal, or local government entity;
3 A land-grant college or university or other institution of higher education, as defined in the Higher Education Act of 1965 20 U.S.C. 1001;
4 A rural non-profit cooperative; or 5 A private entity, which may include a business in an industry cluster, economic development or community development organization, financial institution including a community development financial institution, philanthropic organization or labor organization.
b The Partnership must have a lead applicant represented by one of the following:
1 A district organization;
2 An Indian Tribe or a political subdivision of a Tribe, including a
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special purpose unit of a tribal government engaged in economic development activities, or a consortium of Indian Tribes;
3 A State or a political subdivision of a State, including a special purpose unit of a State or local government engaged in economic development activities, or a consortium of political subdivisions;
4 An institution of higher education as defined in section 101 of the Higher Education Act of 1965 20 U.S.C. 1001
or a consortium of institutions of higher education; or 5 A public or private nonprofit organization.
c The Partnership and its project must serve a rural region, as defined.
d The Partnership must clearly define the region that the partnership represents and ensure that the Region encompasses each of the following:
1 Is large enough to contain critical elements of the industry cluster prioritized by the partnership;
2 Is small enough to enable close collaboration among members of the partnership;
3 Includes a majority of communities that are located in the following:
i A nonmetropolitan area that qualifies as a low-income community;
and ii An area that has access to or has a plan to achieve broadband service, as defined; and 4 Has a population of 50,000 or fewer inhabitants or, for a region with a population of more than 50,000
inhabitants, is comprised of rural areas and urbanized areas, if any, are the subject of a positive determination by the Under Secretary for Rural Development with respect to a rural-incharacter petition, including such a petition submitted concurrently with the application of the partnership for a grant under this section.
e One or more members of the Partnership must be located in the targeted region. The Partnership may consist of industry entities and other partners outside of the targeted region.
4284.1113

Project eligibility.

For a project to be eligible to receive a RISE grant under this subpart, the proposed project must meet the requirements specified in paragraphs a through e of this section. The applicant project outcome must accelerate the formation of new businesses with high-growth potential, improve the ability of rural businesses and distressed rural communities to create high-wage jobs, and strengthen rural regional economies by engaging in
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