Wis. Admin. Code Arts Board AB 2.09 - Calculation of awards
(1) Applicants who have been admitted to the
arts challenge initiative program shall be eligible for granting funds whenever
they demonstrate an increase in their eligible income between the base and the
current years.
(2) In the incentive
program, raw awards shall be based on a formula of one dollar to match every 4
dollars of growth in the applicant's eligible income during the previous fiscal
year.
(3) In the sustaining
program, raw awards shall be based on a formula of one dollar to match every
dollar of growth in the applicant's eligible income during the previous fiscal
year. However, raw awards in the sustaining program shall be at least $3,000
and not more than $10,000.
(4) In
the minority program, raw awards shall be based on one dollar to match every
dollar of growth in the applicant's eligible income during the previous fiscal
year.
(5) When the total amount of
raw awards exceeds the total amount of available board funds, final awards
shall be determined by proration as specified in s.
41.565(3),
Stats. When proration is required under this subsection, the maximum award
shall not exceed 12% of available board funds, and the minimum award shall not
be less than the greater of $1,000 or .1743% of available board
funds.
(6) As specified in s.
41.565(2) (e),
Stats., grants awarded under the sustaining and minority programs shall not
exceed 100% of the grantee's base year eligible income, except that raw awards
for sustaining program applicants shall be not less than $3,000.
Notes
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