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Project Manager-Capital Grant Agreement Completion Form - mht maryland

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The document is a fill-in form for the AAHPP Capital Grant Agreement, detailing the requirements and conditions for grantees receiving funding from the Maryland Historical Trust. It includes sections for project information, grant amounts, scope of work, compliance with laws, and budget details. The form outlines necessary documentation, timelines for submissions, and special conditions related to historic property preservation.

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What is a capital grant used for?

Capital project grants fund tangible assets like buildings, infrastructure, or significant equipment upgrades. Unlike operational funding, these grants focus on long-term value rather than day-to-day expenses. Examples include: Renovating a community theater.

What is the Maryland Historical Trust Capital Grant?

The Historic Preservation Capital Grant Program provides grants of up to $100,000 to nonprofits, local governments, businesses, and individuals for eligible projects. All applicants except for nonprofit organizations are required to provide a dollar-for-dollar match.

What is the purpose of a capital project?

A capital project is a project to construct either new facilities or make significant, long-term renewal improvements to existing facilities. A capital project using general obligation bonds usually has a useful life of at least 13 years and typically requires the involvement of an architect and/or engineer.

What is a capital project grant?

Businesses use capital grants to purchase real estate or equipment to help them expand. Funding organizations including government agencies, corporations and private foundations may be interested in spurring the development of certain industries or businesses in a particular area.

How does a project grant work?

Project grants are sums of money awarded to fund a specific project or the production of a particular deliverable. Project grants are valid for a fixed time period. Grant money refers to the funds allocated to an organization or individual.

What are the examples of capital project funds?

The most common examples of capital projects are infrastructure projects such as railways, roads, and dams. In addition, these projects include assets such as subways, pipelines, refineries, power plants, land, and buildings.

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