1999 Minnesota Statutes

     465.803 Repayment of grants. 

    Subdivision 1.    Repayment procedures.  Without regard 
 to whether a grant recipient offered to repay the grant in its 
 original application, as part of a grant awarded under section 
 465.798, 465.799, or 465.801, the board may require the grant 
 recipient to repay all or part of the grant if the board 
 determines the project funded by the grant resulted in an actual 
 savings for the participating local units of government.  The 
 grant agreement must specify how the savings are to be 
 determined and the period of time over which the savings will be 
 used to calculate a repayment requirement.  The repayment of 
 grant money under this section may not exceed an amount equal to 
 the total savings achieved through the implementation of the 
 project multiplied by the total amount of the grant divided by 
 the total budget for the project and may not exceed the total 
 amount of the original grant. 

    Subd. 2.    Bonus points.  In addition to the points 
 awarded to competitive grant applications under section 465.802, 
 the board shall award additional points to any applicant that 
 projects a potential cost savings through the implementation of 
 its project and offers to repay the grant money under the 
 formula in subdivision 1. 

    Subd. 3.    Use of repayment revenue.  All grant money 
 repaid to the board under this section is appropriated to the 
 board for additional grants authorized by sections 465.798, 
 465.799, and 465.801. 

    HIST: 1997 c 202 art 2 s 49