4 AAC 57.300. Grant agreement

If the director approves award of a public library construction grant, the division and the applicant shall prepare and sign a grant agreement. The agreement must

(1) set out a payment schedule for the amount of the grant to be paid by the division under 4 AAC 57.230, exclusive of the amount that the director withholds under 4 AAC 57.310;

(2) include a statement of the rights and responsibilities of the state and the applicant regarding the proposed project; and

(3) include assurances by the applicant that

(A) for a construction, renovation, or expansion project, the project, when constructed, will be operated as a public library facility for not less than 20 years or for the life of the building, whichever is less; and

(B) the equipment and furniture obtained by the applicant from the proceeds of a public library construction grant will be used only for the provision of library services in the operation of the public library for a period that is not less than the expected useful life of the equipment and furniture.

History: Eff. 2/11/89, Register 109

Authority: AS 14.07.060

AS 14.56.230

AS 14.56.350

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