Section 3 AAC 198.110 - Acceptance of grant offer; grant conditions(a) Upon issuance of a final award determination under this chapter, the department and the applicant will develop a grant agreement. 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 the grant agreement, the department will(1) incorporate the project close-out requirements of 3 AAC 198.130 and the applicable audit requirements under 2 AAC 45.010;(2) set out a payment schedule for the amount of the grant to be paid by the department under 3 AAC 198.040;(3) include a statement of the rights and responsibilities of the department and the applicant regarding the proposed project;(4) require the applicant to procure, maintain, and demonstrate liability, hazard, or workers' compensation insurance;(5) designate required policy limits; and(6) require the applicant to provide assurances that the project, when constructed or expanded, will be operated as a public library for not less than 20 years or for the life of the building, whichever is less.(c) During the term of a grant agreement, the applicant shall maintain and provide, at the department's request, all grant-related records, reports, invoices, documents, or other information required under the grant agreement.(d) A grant agreement with a community or a corporation must be accompanied by a resolution sufficient to bind the applicant to the terms of the agreement.Eff. 1/1/2010, Register 192; am 11/5/2011, Register 200Authority:AS 14.56.355
AS 14.56.356