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What is the difference between a reimbursement program and a grant program?

April 26, 2017program Reimbursement

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What is the difference between a reimbursement program and a grant program?

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All funding awards administered by the OLP are reimbursement programs. Therefore, the proposed project shall be selected, approved, programmed and contracted with the KYTC prior to the expenditure of any funds included in the request. Any funds expended by the applicant before contract execution by the KYTC shall not be reimbursed. Only elements of a project deemed eligible shall be reimbursed with OLP funds.