NAC231.545. Disbursement of money from grant.

     1. The Director may not disburse any money from a grant until:

     (a) The recipient of a grant and a representative of the Commission have signed the agreement required pursuant to NAC 231.540; and

     (b) The Director has received a request to draw money from the grant from the recipient of the grant pursuant to subsection 2.

     2. The recipient of a grant must make a request to draw money from the grant on a form prescribed by the Director. The request must include:

     (a) A statement specifying the amount of money the recipient wishes to draw from the grant; and

     (b) Evidence of the performance and the calculation of the grant.

     3. The recipient of a grant may request an initial advance of not more than 20 percent of the amount of the grant.

     4. If the Commission awards a grant to a recipient and, after the recipient receives a disbursement of the grant pursuant to this section, the Commission determines that the recipient no longer needs the grant or any portion of the grant, the Commission may:

     (a) Require the Director to cease making any further disbursements of the grant to the recipient of the grant; or

     (b) Require the recipient of the grant to repay any unused portion of the grant.

     5. The Director shall review and approve or deny a request to draw money from a grant within 10 working days after the date on which the Director receives the request.

     6. If the Director approves a request to draw money from a grant, the Director shall cause a check to be issued to the recipient of the grant in the amount requested by the recipient.

     7. If the Director denies a request to draw money from a grant, the Director shall provide the recipient who made the request with a written statement:

     (a) Stating the reason for the denial of the request; and

     (b) Describing any actions the recipient must take to receive approval of the request from the Director.

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