1. (a) When a grantee accepts a grant award, the department shall pay the grantee seventy-five percent (75%) of the grant for the project.

2. (b) The remaining twenty-five percent (25%) of the grant shall be paid to the grantee after the:

   1. (1) grantee submits the final report to the department; and

   2. (2) department has audited and approved in writing the final expenditures.

      [Pre-1996 Recodification Citation: 13-7-33-11.]

As added by P.L.1-1996, SEC.10.