(1) Grant proposals must be for the purpose of protecting works of art in the state capitol or other cultural and aesthetic projects, including but not limited to the visual, performing, literary and media arts, history, archaeology, folk-lore, archives, libraries, historical preservation and the renovation of cultural facilities. Applicants may apply for funds in one of the following categories:
(a) Special projects: Specific activities, services, or events of limited duration and the expansion of ongoing programs to meet defined needs and support for grants which generate new sources of revenue.
(i) Each dollar in project grants must be matched with one dollar in cash or in-kind goods and services.
(ii) Applicants will be required to submit a project budget.
(b) Operational support for cultural institutions that have been in existence for at least two years.
(i) Each dollar in general support grants must be matched with one dollar in cash or in-kind goods and services.
(ii) Applicants will be required to submit financial statements (profit and loss) for the most recently completed two fiscal years.
(c) Capital expenditure projects for additions to a collection or acquisition of works of art, artifacts or historical documents; historic preservation or the construction or renovation of cultural facilities.
(i) Each dollar in capital expenditure projects grants must be matched with three dollars in cash or in-kind goods and services.
(ii) Any application for funds which may in any way affect prehistoric or historic properties must document cooperation with the state historic preservation office in evaluating the possible impact on these properties and the appropriateness of plans for project activity.
(iii) A letter from the state historic preservation office, stating their recommendations and any agreements reached with the applicant is necessary. No funds will be released until such a letter is received by the Montana Arts Council.
(iv) Applications requesting funds for facility acquisition, construction, or renovation will need to include:
(A) a summary of the total cost of the capital expenditure from beginning to end;
(B) information about sources and amounts of funds already committed and anticipated to be received; and
(C) plans for obtaining the balance of funds based on prior fund raising efforts.