18 AAC 73.050. Grant payment procedures

(a) The department will make progress payments in conformity with the procedures established in this section. The grantee shall request payments on forms provided by the department and shall include supporting documentation as part of each payment request.

(b) A request for final payment of the grant must be accompanied by a final cost statement and certification by the grantee that the system is complete and operable or that the project is complete. Expenses incurred or reported after this certification will not be eligible for reimbursement under the grant. After reviewing a request for final payment, the department will process a payment equal to 90 percent of total eligible reported costs, less any progress payments made under (a) of this section. The department will withhold 10 percent of the grant payment pending an audit under (c) of this section. For good cause shown, the department will, in its discretion, waive the requirement to withhold the final 10 percent of a grant.

(c) Final payment of the grant will be based upon actual eligible project costs, as determined by audit and will be limited to those costs reported on the final payment request. The department will, in its discretion, waive the requirement for an audit under this subsection.

(d) Before final payment is made,

(1) the grantee shall submit to the department a copy of the as-built drawings of the completed project prepared by the grantee under 18 AAC 60, 18 AAC 72, or 18 AAC 80; and

(2) the department will, it its discretion, conduct a final project inspection to determine construction compliance with the as-built drawings submitted under (a) of this section.

History: Eff. 12/10/77, Register 64; am 6/11/81, Register 78; am 11/24/94, Register 132

Authority: AS 46.03.020 (10)

AS 46.03.030

AS 46.03.090

AS 46.03.720

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