4 Alaska Admin. Code § 31.063
Current through December 21, 2024
Interest on proceeds of grant money appropriated for approved projects shall be held by the district to pay for project cost overruns, change orders, contract amendments, contractor's claims, or other modifications necessary because of unavoidable or unforeseeable circumstances that are not the result of imprudent management, as determined by the commissioner. If at the completion of the project, any money earned as interest remains, the district shall transfer that amount to a district capital account for school capital projects.
4 AAC 31.063
Authority:AS 14.07.060
AS 14.11.100
AS 14.11.132