4 AAC 57.320. Project audit

(a) When a project has been completed, the applicant shall file a project audit with the division. In the audit, the auditor shall

(1) report all receipts and expenditures for the project; and

(2) certify that all project expenditures by the applicant conform to law.

(b) If the applicant fails to provide an audit as required by (a) of this section, the director will, in his or her discretion,

(1) lapse the amount withheld for the project under 4 AAC 57.310; and

(2) require repayment of all or a portion of the public library construction grant that had been paid to the applicant for the project.

(c) Subject to appropriation, money lapsed or repaid under (b) of this section may be deposited into the grant account from which public library construction accounts are paid.

History: Eff. 2/11/89, Register 109

Authority: AS 14.07.060

AS 14.56.230

AS 14.56.350

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