Alaska Administrative Code
Title 15 - Revenue
Chapter 154 - Grant Programs
Article 7 - Grant Management
15 AAC 154.810 - Grant close out
Current through August 30, 2024
Within 90 calendar days after the completion of development activities, all financial, performance, and other reports as required by the terms and conditions of the grant agreement shall be submitted by the grantee. The Corporation may approve extensions, for good cause, when requested by the recipient. The Corporation will close out a grant if it determines that the following conditions have been met:
(1) the grantee has submitted all required performance reports, however, a grantee's failure to submit a report will not preclude the Corporation from closing out a grant if it is determined to be in the Corporation's best interest;
(2) the grantee has submitted a final expenditure report and certified that all outstanding grant costs have been paid;
(3) the grantee has certified that all subcontracts have been completed;
(4) excess grant funds or grant income has been returned to the Corporation; and
(5) the Corporation has determined that it has no further interest in keeping the grant open.
Authority:AS 18.55.100
AS 18.56.088
