Are multiyear commitments funded with dollars from the granting year?
Yes. State law requires that multiyear grant commitments will be funded from the year in which the grant is awarded. All funds to be expended in the future years of the multi-year project will be put in escrow. This approach ensures that funding is secured for the term of each grant awarded; however, it is critical to note that payment of subsequent years of an approved multiyear grant will be contingent upon successfully meeting the reporting and other requirements of the grant.
Related Questions
- The guy on the late-night television commercial that there is millions of dollars of grants that go unclaimed each year because no one applies. How can I apply for some of this money?
- How do we complete the AP Course Audit for a multiyear course, and may we affix the "AP" designation to each year of a multiyear course?
- CAN UNUSED HOTEL REWARD DOLLARS ACCUMULATE FROM YEAR TO YEAR?
