3 AAC 147.060. Acceptance of grant offer

(a) Upon issuance of a final award determination under 3 AAC 147.040(g) , the department will negotiate with the recipient to develop a grant agreement If the recipient does not enter into a grant agreement satisfactory to the department within 30 days after the final award, the department may consider the award rejected. A recipient of a final award determination does not have a vested right or other entitlement to a grant until a mutually acceptable definitive written agreement is negotiated and is executed by the department.

(b) In a grant agreement, the department will incorporate any audit requirements made applicable by 2 AAC 45.010.

(c) In a grant agreement, the department may require applicants to procure, maintain, and demonstrate liability, hazard, or worker's compensation insurance, may designate required policy limits, and may provide that the state will be an additional insured under a policy.

(d) Grant agreements with corporations or other business entities must be accompanied by a resolution sufficient to bind the applicant to the terms of the agreement.

History: Eff. 12/13/2003, Register 168

Authority: AS 44.33.020

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