R277-498-3. Board Procedures for Distributing Funds

Latest version.

  (1) The Superintendent shall select a grantee that meets the criteria of Section 53F-5-205 and the criteria of this rule from requests submitted by a prospective grantee.

  (2) The Superintendent shall notify a selected grantee of its eligibility to receive funds under this program following:

  (a) review of the request; and

  (b) the assurance of matching funds.

  (3) The Superintendent may identify one eligible and qualified grantee and establish a funding schedule to distribute funds or allow a prospective grantee to submit an application until March 30.

  (4) The Superintendent, under the direction of the Board, shall distribute the appropriation provided for in Section 53F-5-205 by June 30.

                    
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