- (a) In compliance with Acts 1991, No. 1009, project funds will be expended through a fund established on the books of the district.
- (b) All project expenditures, with invoices attached, shall be approved by the school principal or conservation district conservationist and remain on file in the office of the district for three (3) years or until audited, whichever is later.
- (c) All project expenditures must be expended within one (1) year after the date of the award.
(d)
- (1) A final report, including cancelled checks and receipts of all funds expended, along with the state’s portion of any unspent funds, must be submitted by the school principal or conservation district conservationist to the Rural Services Division of the Arkansas Economic Development Commission and subsequently to the Chief Fiscal Officer of the State.
- (2) This must be done no more than sixty (60) days following the project’s completion or within the one-year period of the grant award, whichever comes first.