The following conditions and criteria shall be met by a fair to be eligible for a capital improvement program grant awarded by the commissioner. However, the commissioner may make exceptions to the above conditions and criteria. The fair applicant shall: I. Be a non-profit association located in New Hampshire that is a full member in good standing with the New Hampshire Association of Fairs and Expositions. II. Annually hold events that offer contests or exhibits of 4-H members and clubs, Future Farmers of America members and clubs, granges, farm crops, domestic livestock competitions, or home crafts. III. Be managed by a board of directors who are responsible for the business affairs and operational activities and policies. IV. Have a board of directors who are subject to and compliant with local, state, and federal laws and regulations. V. Have a treasurer who has charge of the financial affairs of the corporation and ensures that grant funds received from a state grant are used in accordance with the applicant's proposal as approved by the department commissioner. VI. Operate a minimum of 3 consecutive, 8-hour days per year. VII. Submit a capital improvement project that has a minimum useful life of 20 years and shall be completed within 2 years of execution of a contract to perform work authorized by the grant. VIII. Contribute matching funds or in-kind services in an amount equal to 30 percent or more of the value of the grant. IX. Not have already completed the project for which the applicant seeks reimbursement.
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