To be eligible for a grant under the program, a person applying for the grant must demonstrate to the satisfaction of the department that the person's accounting system
- (1) is able to provide information on grant awards, authorizations, obligations, unobligated balances, assets, liabilities, revenues, and expenses;
- (2) has effective control and accountability for all grant cash, property, and other assets;
- (3) has the capability to compare planned or budgeted expenditures with actual expenditures; and
- (4) is able to provide accurate, current, and complete disclosure of the financial results of the grant activities.
(Eff. 7/26/90, Register 115; am 12/24/2004, Register 172; am 6/18/2010, Register 194)
Authority: AS 23.15.636, AS 23.15.641