Section 4 AAC 57.087 - Use of grant proceeds(a) A library assistance grant approved by the division must be used for the purposes set out in the application filed under 4 AAC 57.070 as approved by the director or, if amended, as amended under 4 AAC 57.076. The grant money must be spent in a manner consistent with the provisions of the grant agreement.(b) The proceeds of a library assistance grant(1) must be accounted for separately from other money received by the library from government and private sources;(2) must be spent or encumbered by the library by the end of the grant period.(c) In each fiscal year, a public library receiving a public library assistance grant shall expend at least $3,500, from either grant or local matching money, for library materials and on-line services for each of its public library outlets.(d) Except as provided under (e) of this section, a library that receives an interlibrary cooperation grant under 4 AAC 57.065 or a regional library services grant under 4 AAC 57.069 may apply a portion of the grant to meet indirect or administrative costs of the operation of the library. The portion of the grant applied may not exceed the rate set for similar charges by the governing body of the library or eight percent of the grant, whichever is less.(e) A library that receives a public library assistance grant or an interlibrary cooperation grant that is of primary benefit to the library receiving the grant may not use the proceeds of the grant to meet indirect or administrative costs of the operation of the library.(f) A library may change a grant line item by up to 10 percent without prior approval of the division.Eff. 2/11/89, Register 109; am 4/2/99, Register 149; am 11/1/2003, Register 168Authority:AS 14.07.060
AS 14.56.020
AS 14.56.030
AS 14.56.300
AS 14.56.340