Grant Agreements and Conditions
The Authority shall provide a Grant Agreement to each Fuel Storage Facility Compatibility Fund Grantee which specifies the legal requirements for grant management, reporting and record keeping as well as the Authoritys monitoring and grant closeout procedures.
The Authority will only enter into new agreements or may amend agreements with prior Grantees if all reporting obligations under the earlier agreements have been met.
The Authority and the Applicant must execute a Grant Agreement or amendment prior to any funds being expended for eligible expenses for which the Applicant will request reimbursement.
If the Grant Agreement or amendment has not been fully executed by all the parties within 60 days of the Grantee receiving the agreement, funding will be terminated. The money allocated to the grant will then be available for reallocation by the Authority consistent with the application rankings established by the Grant Selection Committee.
The Authority shall establish Grant Agreement conditions. Grantees shall comply with all grant agreement conditions. In addition, Grantees shall comply with all applicable federal, state and local laws and ordinances.
Upon notice to a Grantee in writing, the Authority may terminate funding for Projects not completed in the prescribed time and manner. Money allocated to the Project but not used will be available for reallocation by the Authority consistent with the application rankings established by the Grant Selection Committee.
The Grantee will obtain the necessary permits and licenses from local, state or federal agencies or governing bodies.