Funding shall be provided under the following conditions, unless otherwise authorized by the Board of Governors:
(a) Funding shall be provided on a one-year basis. If additional continuation funding is desired, a new proposal application shall be submitted at the time established for submission of new proposals. Proposals for continuation funding shall be considered separately and performance under the previous grant shall be taken into account in deciding which projects should be continued.(b) Grants shall be allocated on a July 1st to June 30th fiscal year basis, unless the Chancellor determines that extenuating circumstances justify use of a different funding period for some or all of the projects to be funded.(c) Applications may be submitted for a direct grant, or a loan, or a combination of both.(d) Funds awarded for grants may not be used for purposes of construction, remodeling, or lease of facilities, nor for student financial aid, purchase of equipment, or for programs and activities not eligible for state apportionment.(e) Financial participation by an applicant shall be no less than 10 percent of the total cost of the project. Overhead or indirect costs may be included in a proposal only as part of the financial participation provided by the applicant.Cal. Code Regs. Tit. 5, § 56676
1. New NOTE filed 4-27-83; effective thirtieth day thereafter (Register 83, No. 18).
2. Amendment filed 7-22-91 and submitted to OAL on 7-25-91 for printing only pursuant to Education Code section 70901.5; operative 8-21-91 (Register 91, No. 48). Note: Authority cited: Sections 66700, 70901(b) and (c), Education Code. Reference: Sections 84381 and 84382, Education Code.
1. New NOTE filed 4-27-83; effective thirtieth day thereafter (Register 83, No. 18).
2. Amendment filed 7-22-91 and submitted to OAL on 7-25-91 for printing only pursuant to Education Code section 70901.5; operative 8-21-91 (Register 91, No. 48).