8 Colo. Code Regs. § 1207-4, pt. 4

Current through Register Vol. 48, No. 1, January 10, 2025

Part 4 - Award of Funds

4.1. Grant Awards will be made available to awardees as a Small Dollar Grant Award (purchase order grant).

4.2. Grant Awards are subject to the State of Colorado Small Dollar Grant Award Terms and Conditions (incorporated by reference herein, effective July 1, 2019). Material incorporated by reference does not include any later amendments or editions of the incorporated material. Copies of material incorporated by reference are available for public inspection during regular business hours and may be obtained at a reasonable charge or examined by contacting the Markets Division, Colorado Department of Agriculture, 305 Interlocken Parkway, Broomfield, CO 80021. Further, the incorporated material may be examined at no cost on the Internet at: https://osc.colorado.gov/spco/ccu/purchase-order-terms-conditions

4.3. The Department will provide a copy of this material to any eligible business, eligible rancher, or eligible farmer who receives a Grant Award along with the notification of award.

4.4. A Grant Award is not a guarantee of funds as all disbursement of funds is contingent on the awardee's agreeing to and complying with all requirements as determined by the Department.

4.5. Funding from a Grant Award will be paid upon completion of the following milestones:

4.5.1 Milestone One- "Kick-Off Conference." After an awardee has had its initial meeting with the Department, the "Kick-Off Conference," an awardee may submit an initial invoice in an amount up to fifty (50) percent of the total Grant Award to receive an initial payment to start the project. If the Department makes such initial payment, or any portion of the requested initial payment, to the awardee for those non-incurred expenses, any remaining amount to be reimbursed from the Grant Award shall be reduced by the amount of that initial payment.

4.5.2 Milestones Two through Final Milestone: As an awardee incurs expenses, the awardee may submit invoices for those actual, incurred expenses with supporting documentation and proof of payment to the Department for reimbursement. To the extent that documented expenses are eligible expenses, the funds will then be reimbursed.

4.5.3 Final Milestone: Once the awardee has completed its project, the awardee must submit a final invoice, which final invoice must be submitted not later than three years following the effective date of the Small Dollar Grant Award.

4.6. Awardees may submit invoices at any time as expenses are incurred and paid.

4.7. As a condition of receiving a Grant Award, an awardee shall agree to cooperate with the Department in evaluating the economic impact of the project and any changes to employment in Colorado as a result of completing the project.

8 CCR 1207-4, pt. 4

44 CR 19, October 10, 2021, effective 9/8/2021

44 CR 23, December 10, 2021, effective 12/30/2021