Fla. Admin. Code Ann. R. 62-820.008 - Grant Contracts
(1) The established
time frame for funding approval shall be for a period not to exceed 12 months.
Approval shall be evidenced by a fully executed Grant Contract between the
Trust and the Recipient . When the established time frame has expired, the
project shall be terminated and funds committed to the project shall then be
committed to other approved Applications. The Trust shall extend the Grant
Contract beyond the established time frame if significant progress is being
made toward the acquisition of the project site or if extenuating circumstances
beyond the control of the Applicant warrant an extension of time.
(2) The time period of the Grant Contract and
extensions shall not exceed a total of 24 months; unless, however, the Trust
extends an Award beyond 24 months when significant progress is being made
toward closing the project or if extenuating circumstances warrant an extension
of time.
(3) The Recipient must
request an extension in writing that includes an explanation of the goals
currently accomplished to complete the project and the timeframe needed to
complete outstanding goals. The Recipient may also include an explanation of
circumstances beyond their control that have negatively impacted the completion
of the project site .
(4) The Trust
may unilaterally terminate the Grant Contract prior to the established time
frame, if it is determined by the Trust that no significant progress is being
made toward the Acquisition of the Project Site or other circumstances are
present which would, in all likelihood, preclude or prevent the successful
Acquisition of the Project Site within the established time
frame.
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