For purposes of this chapter, unless the context otherwise requires,

1. (1) "audit period" means the entity's fiscal year in which the entity expended financial assistance;

2. (2) "entity" does not include

   1. (A) the University of Alaska or any other state agency;
   2. (B) a for-profit entity; and
   3. (C) a non United States based entity;
3. (3) "financial assistance" means state grants, contracts, provider agreements, cooperative agreements, and all forms of state financial assistance to an entity; "financial assistance" includes all forms of state financial assistance provided through an entity to a third party;
4. (4) "known questioned costs" means those questioned costs specifically identified by the auditor in the audit conducted under this chapter;
5. (5) repealed 3/31/2008;
6. (6) "department" means the Department of Administration;
7. (7) "significant deficiencies" has the meaning given in the Codification of Statements on Auditing Standards adopted by reference in 2 AAC 45.010(c).

(Eff. 7/1/98, Register 146; am 3/31/2008, Register 185; am 4/1/2017, Register 221)

Authority: AS 37.05.020, AS 37.05.190