17 AAC 55.040 - Payments to the municipality
(a) If a
municipality has assumed partial or complete control of a public works project,
the department will, in its discretion, require the municipality to submit
certification of amounts and vouchers indicating payments of expenditures
before the department will transfer money to the municipality from the special
account established for the project under
AS
35.15.090. Any transfer of money is subject
to audit. Alternatively, the department will, in its discretion, establish a
schedule under which a specified percentage of the total project appropriation
will be transferred to the municipality for each phase of the project. The
agreement will identify which method of payment will be used. If the schedule
method is used, the agreement will also specify what percentage will be
allocated to each phase and when the fund transfers will be made.
(b) If project design documents submitted by
the municipality conflict substantially with the project as it is described in
the agreement, the municipality will be notified that further payments of
project money will not be made until the conflicting areas are
corrected.
(c) If status or
expenditure reports submitted by the municipality indicate that the project is
not on schedule, the department will, in its discretion, decline to adhere to
any payment schedule set out in the agreement under (a) of this section, and
will, in its discretion, withhold the periodic payments until they are actually
needed by the municipality.
(d) The
department will, in its discretion, withhold a portion of the total project
appropriation, not to exceed five percent, until the audit of the project is
complete. The agreement will specify what percentage of the appropriation, if
any, will be withheld.
Notes
Authority:AS 35.15.080
AS 35.15.090
AS 44.42.030
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.