Minnesota Legislature
Office of the Revisor of Statutes
Minnesota Administrative Rules
7076.0280 GRANT PAYMENTS.
Subpart 1.
Initial payment.
After the commissioner has signed the grant contract between the agency and the project sponsor, and contingent upon the availability of grant funds, the agency shall provide to the project sponsor 25 percent of the grant award provided in the grant contract. After the project sponsor has spent this amount, the sponsor shall provide, in a form prescribed by the commissioner, an accounting for the grant and match expenditures to the commissioner for review.
Subp. 5a.
Reimbursement payments.
Following approval of the accounting in subpart 1, the agency shall promptly pay the project sponsor for any expenses incurred after the sponsor presents an itemized invoice, in a form prescribed by the commissioner, for work actually performed.
Subp. 6.
Final payment.
The agency shall withhold a minimum of ten percent of the grant award until the agency is satisfied that the project has been completed according to the terms of the grant contract and parts 7076.0100 to 7076.0290. More than ten percent of the grant award shall be withheld if, after the project review outlined in part 7076.0225, subpart 3a, the costs necessary to complete the project are less than those identified in the grant contract.
History:
13 SR 661; 16 SR 584; 20 SR 1245; L 2009 c 101 art 2 s 109; 37 SR 1334
Published Electronically:
March 20, 2013
Official Publication of the State of Minnesota
Revisor of Statutes