Cal. Code Regs. Tit. 4, § 7108 - Award of Demonstration Project Grants and Commitment Letter

(a) A maximum of $1.5 million in grant funds may be disbursed by the Authority to successful Applicants. The Authority reserves the right to award all available grant funds to one Applicant, award multiple grants totaling a maximum of $1.5 million to multiple Applicants, or to not award any grant to any Applicant.

(b) Upon completion of the Application evaluation described in section 7107, the Authority board, at an open meeting held in compliance with the Bagley-Keene Open Meeting Act (commencing at Government Code section 11120), shall make the final determination regarding the award of Demonstration Project Grants.

(c) The Authority shall notify the successful Applicant(s) by a letter committing the Authority to provide grant funds so long as the Applicant strictly complies with the terms and conditions contained in the Commitment Letter. The Commitment Letter shall include all of the following:

(1) Name(s) of the Grantee.

(2) Grant amount.

(3) The date when the commitment expires.

(4) A description of the Costs to be funded by the grant.

(5) Disbursement of funds is conditional on execution of a Grant Agreement and other conditions as deemed appropriate by the Authority.

(6) A statement that the Authority reserves the right to modify or cancel the commitment upon failure of the Applicant to execute a Grant Agreement that includes all of the terms and conditions set forth in the Commitment Letter or otherwise required by this Article, or if the Authority becomes aware of any matter which, if known at the time of Application review and approval, would have resulted in the Application not being approved.

Notes

Cal. Code Regs. Tit. 4, § 7108

1. New section filed 2-7-2013; operative 2-7-2013 pursuant to Government Code section 11343.4(b)(3) (Register 2013, No. 6).

Note: Authority cited: Sections 15437, 15438(a) and 15438.10(b), Government Code. Reference: Section 15438.10, Government Code.

1. New section filed 2-7-2013; operative 2-7-2013 pursuant to Government Code section 11343.4(b)(3) (Register 2013, No. 6).