Section 3.107.780. Grant agreement.

	(a)  Before the authority may disburse any grant funds, the applicant must sign a grant agreement acceptable to the authority. The grant agreement must contain the terms and conditions of the grant, including  
		(1) a description of the project;  
		(2) a project schedule;  
		(3) a grant fund disbursal schedule that addresses disbursement upon the grantee achieving milestones including  
			(A) completion and approval by the authority of pre-construction phases of the project;  
			(B) the grantee demonstrating that it has site control for the project;  
			(C) the grantee demonstrating that it has required permits or authorizations for construction of the project;  
			(D) the grantee demonstrating that it has obtained the required intellectual property rights or licensing for the project; and  
			(E) the grantee's successful completion of activities or objectives set under the project schedule;  
		(4) requirements for project management;  
		(5) a description of allowable costs;  
		(6) requirements for the documentation of expenditures and procurements;  
		(7) procedures for making grant payments to the grantee;  
		(8) requirements for the grantee's accounting and reporting;  
		(9) requirements for the grantee's maintenance and retention of project records;  
		(10) hiring preferences applicable under AS 36.10.150 - 36.10.180 and 8 AAC 30.064 - 30.088 to the grantee and its agents, contractors, and subcontractors;  
		(11) procedures for verifying the provision of the grantee's matching contributions to the project;  
		(12) requirements for providing information on project operations and maintenance activities and costs, other costs of the project, energy output, estimated fuel displacement resulting from the energy output, operational issues, and other project elements and outputs useful to the authority for its evaluation of the project and the grant;   
		(13) the grantee's agreement to allow access to the project site and project data by a third party chosen by the authority to verify the reporting submitted by the grantee; and  
		(14) other terms and conditions that the authority determines are appropriate to ensure the public purpose of and maximize the public benefit from the grant.  
	(b)  If an applicant fails to execute the grant agreement not later than 30 days after receiving the agreement from the authority, the authority may cancel a grant award and may offer the grant funds to another eligible applicant.  

Authorities

42.45.375;44.83.080

Notes

Authority

AS 42.45.375 AS 44.83.080

History

Eff. 1/26/2012, Register 201