Mich. Admin. Code R. 400.20501

Current through Vol. 24-15, September 1, 2024
Section R. 400.20501 - Notice of financial award

Rule 501.

(1) The office, within 30 days after commission action to approve a grant or contract, shall issue a grant or contract instrument as a 2-party agreement for obligating funds.
(2) The grant or contract instrument shall constitute the official document which specifies the terms of the agreement. The grant or contract agreement shall include all of the following:
(a) Total financial amount, including both of the following:
(i) Funds provided through the office.
(ii) Funds, or services in lieu of funds, provided by the grantee or contractor.
(b) Conditions of the grant or contract, including all of the following:
(i) Beginning and ending dates for which the agreement is to be in effect.
(ii) Documentation of services to be provided or objectives to be achieved by the grant or contract.
(iii) Special conditions, if any, which may be specified as a part of commission approval action.
(c) Dated signatures of the director and authorized representative of the grantee or contractor to bind the agreement.

Mich. Admin. Code R. 400.20501

1983 AACS