Rules & Regulations of the State of Tennessee
Title 0420 - Correction
Subtitle 0420-02 - Division of County Programs
Chapter 0420-02-01 - County Corrections Incentive Program
Section 0420-02-01-.13 - PAYMENT OF GRANT FUNDS TO SELECTED COUNTIES
Current through September 24, 2024
(1) The grant shall be paid to the county in three (3) installments. The first such payment shall be made within thirty (30) days after the contract has been fully executed. The amount of such payment shall be that which the parties agree is necessary to initiate architectural services, but shall not exceed one-tenth (1/10) of the total grant awarded. The second payment shall be made during the progress of the construction at approximately the mid-point of completion of the project as certified by the project architect. The amount of this payment may be agreed to by the parties, but not be a greater portion of the total grant amount than that portion of the project certified as having been completed. The remainder of the grant shall be paid following the completion of the construction as certified by the project architect's certificate of completion and a certification from the County Executive that the project has been completed. Prior to the final payment, the county will submit to the State proper documentation, which will include the actual invoice or a copy thereof, and evidence that the county has paid the contractor or vendor.
Authority: T.C.A.§§ 41-8-108, 49-8-109, and 41-8-111.