NAC231.540. Agreement with Commission.

     1. If the Commission approves an application for a grant, the recipient of the grant must enter into an agreement with the Commission. The agreement must specify:

     (a) The amount of the grant;

     (b) The proper use of the money obtained from the grant;

     (c) The date on which the Commission approved the grant;

     (d) The specific indicators of performance by which the Commission and the recipient of the grant will measure the progress of the project;

     (e) A requirement that the recipient of the grant report to the Commission on a quarterly basis and that the report include a statement setting forth:

          (1) The specific indicators of performance specified in paragraph (d);

          (2) The projected estimates of costs; and

          (3) The amount of money the recipient expects to draw from the grant and the dates on which the recipient expects to draw money from the grant;

     (f) The right of the Commission or its designee to review any document which the Commission or its designee determines is necessary for the appropriate fiscal oversight of the project; and

     (g) The date on which the grant will expire.

     2. The Director and the Office of the Attorney General shall review the form of the agreement entered into by the Commission and the recipient of the grant pursuant to subsection 1.

     3. An agreement entered into pursuant to subsection 1 is not effective unless the Director and the Office of the Attorney General approve the form of the agreement.

     (Added to NAC by Comm’n on Tourism by R190-07, eff. 4-17-2008)