4 AAC 57.089 - Local match

A public library that receives a public library assistance grant

(1) shall spend or encumber the full amount of the locally-generated match money that it has committed to meet the local match support requirements of the grant by the end of the fiscal year for which the grant is made;

(2) may not spend or encumber an amount that is less than the full amount of the locally-generated match money that it has committed to meet the local match support requirements of the grant even if, under 4 AAC 57.074(c), the director prorates the amount provided as the state matching grant.

Notes

4 AAC 57.089

Eff. 2/11/89, Register 109

Authority:AS 14.07.060

AS 14.56.020

AS 14.56.030

AS 14.56.300

AS 14.56.330

AS 14.56.340