Conn. Agencies Regs. § 10-287c-17 - Approval of requests for state grants. (Reference: Section 10-284)

Current through March 4, 2022

(a) Grant Request upon Completion of Project. In order to receive a grant the applicant shall file a request for a grant with the Commissioner, in such manner as the Commissioner may prescribe, after the project has been completed and officially accepted by the building committee or other approving body, and the applicant, and after all bills for the project have been paid or funds to pay such bills are deposited in accordance with section 7-401 of the Connecticut General Statutes, in a separate escrow account, and after all bonds or notes to permanently finance the project, if any, have been issued. If bonds or notes are issued to permanently finance the project, such application shall include a copy of the principal and interest schedule of payments in such manner as may be required by the Commissioner. Each applicant may be required to file information concerning project costs at such time and in such manner as the Commissioner may prescribe.
(b) Request for Estimated Grant. Section 10-287h of the Connecticut General Statutes may entitle an applicant to estimated grant payments prior to the completion of a school building project if the applicant has issued bonds or serial notes, or has carried temporary financing into the third year. The request for an estimated grant shall be made in such manner as the Commissioner may prescribe. Upon completion of the project the Commissioner shall adjust and recertify the dates and amounts of subsequent grant payments based on the state's share of final eligible costs.
(c) Grant Amount Agreement. Upon approval of the grant request the Commissioner shall notify the applicant in writing as to the amount of the grant.
(d) Notification of State Comptroller. The Commissioner shall certify to the State Comptroller the dates and amounts of all project grant payments, interest grant payments and site acquisition grant payments, if any.
(e) Grant Payments. All grants shall be paid to the town, city or borough of the applicant, or if the applicant is other than a local board of education, to the governing body of such other eligible grant recipient.
(f) Reimbursement Percentage. The reimbursement percentage as determined in sections 10-285a and 10-285b of the Connecticut General Statutes shall be assigned to specific school building projects as follows:
(1) All projects except those pursuant to subsection (b) of section 10-283 of the Connecticut General Statutes shall be assigned the rate in effect for the fiscal year during which General Assembly authorization is obtained.
(2) Projects pursuant to subsection (b) of section 10-283 of the Connecticut General Statutes shall be assigned the rate in effect for the fiscal year during which application, as defined in 10-282 of the Connecticut General Statutes, is made.
(g) Applicability of Regulations. Rules, guidelines or regulations in effect at the time of application, as defined in said Section 10-282, shall be applied when final grant calculations are made for school construction projects pursuant to Chapter 173 of the Connecticut General Statutes, unless otherwise provided by sections 10-287c-1 to 10-287c-23, inclusive, of the regulations of Connecticut state agencies or by statute.

Notes

Conn. Agencies Regs. § 10-287c-17
Effective October 3, 1995; Amended October 26, 2012

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