Utah Admin. Code R765-902-110 - Funding Distribution
(1) TRU shall
reimburse the awardee for no more than the total amount specified in the
contract.
(2) Payment shall only be
made for those costs authorized and approved by TRU after providing sufficient
documentation in accordance with the terms and conditions provided in the
contract.
(3) After execution of
the contract between the board and awardee:
(a) the awardee may receive up to 50% of the
total grant amount, subject to TRU approval; and
(b) the remaining funds shall be disbursed on
a reimbursement basis, as outlined in scope of work and after company provides
sufficient evidence of initial expenditures.
(4) Failure to successfully complete the
scope of work requirements may result in a recapture of any of the grant
funding and will be grounds to terminate the contract and any future
funding.
Notes
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