Alaska Administrative Code
Title 15 - Revenue
Chapter 154 - Grant Programs
Article 7 - Grant Management
15 AAC 154.770 - Budget revisions
Universal Citation: 15 AK Admin Code 15 AAC 154.770
Current through August 30, 2024
(a) Subject to (b) of this section, a grantee may reallocate money between budget categories within the total budget of the grant project to meet unanticipated expenditures necessary to the successful continuation or completion of the grant project, if the expenditures are authorized under the terms of the grant. Budget revisions may not be used to increase any budget category for project administrative expenses without the approval of the Corporation.
(b) The grantee must:
(1) receive approval from
the Corporation before reallocating an amount under (a) of this section if the
reallocation will result the total amount under (a) of this section exceeding
10 percent of the amount of the grant or $10,000, whichever is less, or such
other amount as may be set out in the grant agreement, during the term of the
grant agreement; and
(2) notify the
Corporation within 30 days after reallocating an amount not subject to (1) of
this subsection.
Authority:AS 18.55.100
AS 18.56.088
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