Alaska Administrative Code
Title 2 - Administration
Chapter 45 - Grant Administration
2 AAC 45.090 - Definitions

Universal Citation: 2 AK Admin Code 2 AAC 45.090

Current through February 27, 2024

For purposes of this chapter, unless the context otherwise requires,

(1) "audit period" means the entity's fiscal year in which the entity expended financial assistance;

(2) "entity" does not include

(A) the University of Alaska or any other state agency;

(B) a for-profit entity; and

(C) a non United States based entity;

(3) "financial assistance" means state grants, contracts, provider agreements, cooperative agreements, and all forms of state financial assistance to an entity; "financial assistance" includes all forms of state financial assistance provided through an entity to a third party;

(4) "known questioned costs" means those questioned costs specifically identified by the auditor in the audit conducted under this chapter;

(5) repealed 3/31/2008;

(6) "department" means the Department of Administration;

(7) "significant deficiencies" has the meaning given in the Codification of Statements on Auditing Standards adopted by reference in 2 AAC 45.010(c).

Authority: AS 37.05.020

AS 37.05.190

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