Section 3 AAC 195.080 - Acceptance of grant offer; grant conditions(a) Upon issuance of a final award determination under this chapter, the department will negotiate with the recipient to develop a grant agreement. If the recipient does not enter into a grant agreement satisfactory to the department within 30 days after the final award, the department may consider the award rejected. A recipient of a final award determination does not have a vested right or other entitlement to a grant until a mutually acceptable definitive written agreement is negotiated and is executed by the department.(b) In a grant agreement, the department will incorporate any audit requirements made applicable by 2 AAC 45.010.(c) In a grant agreement, the department may require applicants to procure, maintain, and demonstrate liability, hazard, or workers' compensation insurance, may designate required policy limits, and may provide that the state will be an additional insured under a policy.(d) During the term of a grant agreement, the grantee shall maintain and provide, at the department's request, all grant-related records, reports, invoices, documents, or other information required under the grant agreement.(e) The department may withhold payment under the grant for the grantee's failure to comply with this chapter.Eff. 6/30/2008, Register 187; am 11/23/2008, Register 188