(b)

1. (1) The grant agreement shall incorporate the application by reference and establish the terms and conditions of the grant.
2. (2) No funds shall be disbursed prior to execution of the grant agreement.

(c) At the completion of the project for which grant funds have been provided, the conservation district shall provide to the department a review of the project including, but not limited to, the following:

1. (1) Actual benefits of the project;
2. (2) How actual benefits differed from what was expected; and
3. (3) Summary of project receipts and project expenditures.

(e)

1. (1) Funds provided for under this subpart shall be accounted for as part of a conservation district’s financial operation as contained in 14 CAR § 1-901 et seq.
2. (2) The department may require additional accounting of funds as the department deems necessary.