Can multi-year commitments be made under the Equity fund?
It is highly likely that most projects will take longer than one year to implement, and if funded, the award from the OneGeorgia Authority may be carried forward for longer than a one-year period. On the other hand, certain projects may be too large and/or complex as to need to be implemented in phases. In such cases, the OneGeorgia Authority’s commitment will be only for one phase at a time. That will not prevent the applicant from submitting subsequent applications for the latter phases but a commitment of funding for one phase will not bind the Authority to automatically funding subsequent phases.
