Section 10 AAC 30.050 - Grant agreement(a) Before the department will disburse money under the grant, a grantee must sign an agreement on a form prepared by the department in which the grantee agrees to (1) spend grant money only for the purposes and for eligible costs specified in the grant application and agreement;(3) comply with applicable state statutes and regulations with respect to purchasing practices and procedures and the provision of documentation required for disbursement;(4) provide periodic and final reports as specified in the grant agreement. (5) retain records and on request provide records to the department and allow a department audit of the grant expenditures;(6) indemnify and hold harmless, consistent with state law, the state and its officers, agents, and employees for any third-party claims arising from the project;(7) waive, consistent with state law, any claims the grantee may have against the state and its officers, agents, and employees arising from the project; and(8) comply with AS 37.14.700-37.14.740, this chapter, and terms and conditions of the grant agreement.(b) The department may withdraw a grant offer if the grantee does not sign and return the agreement form within the time specified in the grant agreement.(c) The department may suspend or terminate a grant, for failure to comply with the requirements of AS 37.14.700-37.14.740, this chapter, or the grant agreement.Eff. 1/18/2004, Register 169; am 5/25/2017,Register 222, July 2017