Section 13 AAC 95.900 - DefinitionsUnless the context indicates otherwise, in this chapter
(1) "applicant" includes a local community entity as described in AS 18.66.060;(2) "approval" means a written agreement or permission to proceed, signed by an authorized representative of the council, in response to a written request from the grantee or applicant for approval of a proposed action;(3) "budget" means the financial expenditure plan of a grant project approved by the council, and includes money awarded under the grant program and any other financing used for the grant project;(4) "chair" means the chair of the Council on Domestic Violence and Sexual Assault;(5) "council" means the Council on Domestic Violence and Sexual Assault;(6) "final state budget" means the total operating budget for the government of the State of Alaska;(7) "grant" means an award of financial or direct assistance by the council to an eligible applicant based on review and approval of an application setting out a proposed activity or service;(8) "grant income" means income earned by a grant project during the grant period, including proceeds from the sale of products or services, payments received for services, fees received for personal services, proceeds from the sale of assets of the grant project, interest earned on grant money placed in interest-bearing accounts, and royalties from copyrights or publications;(9) "grant period" means the time period for which the grantee has been awarded a grant;(10) "grant project" means those aspects of a grantee's activities which are funded, in whole or in part, by a council grant;(11) "grantee" means the person or other legally accountable entity that received a grant;(12) "indirect cost" means a cost which, because of its incurrence for common or joint objectives, is not readily subject to treatment as a direct cost;(13) "non-expendable personal property" means (A) an article of tangible personal property that is complete in itself, is of a durable nature, has an expected useful life of more than one year, and has an acquisition cost, as defined in 13 AAC 95.320(b), of $500 or more; or(B) intangible personal property, such as patents, inventions, and copyrights;(14) "personal property" means property other than real property;(15) "real property" means land, land improvements, and structures and appurtenances located on land other than moveable machinery and equipment;(16) "subcontract" means a contract between a grantee and another person or agency to perform one or more of the services that are to be performed as a part of the grant;(17) "true lease" means a lease other than one(A) under which ownership of the property is transferred to the lessee under the terms of the lease, by the end of the lease term;(B) that contains an option to buy the property at a price less than the fair market value of the property;(C) under which the lease term is 75 percent or more of the estimated economic life of the property; or(D) under which the present value of the total payments made by the lessee under the lease is 90 percent or more of the fair market value of the property, less the amount of investment tax credits to be retained by the lessor under 26 U.S.C. 38 during the term of the lease; the valuation date for this purpose is the date of the lease agreement or the date of a commitment to enter into a lease agreement, whichever is earlier.Eff. 6/25/88, Register 106