La. Admin. Code tit. 4 § XXI-605
Current through Register Vol. 50, No. 11, November 20, 2024
Section XXI-605 - Disbursement and Reimbursement [Formerly Section 705]A. The Division of Administration shall be the designated agency for receipt and disbursement of state and federal funds intended for the state for broadband expansion or allocated by the state for broadband expansion.B. All federal grant funds received by the state for the purpose of broadband expansion shall be disbursed in accordance with the GUMBO program.C. Funding in accordance with completion shall be distributed to a grantee once the grantee has demonstrated, to the satisfaction of the office, that a project has reached the following percentile completion thresholds, which shall be defined as a percentage of the total number of prospective broadband recipients proposed to be served by the project:D. The final 15 percent payment shall not be paid without an approved completion report. Invoice for final payment shall be submitted within 90 days of completion date. All invoices are subject to audit for three years from the completion date.La. Admin. Code tit. 4, § XXI-605
Promulgated by the Office of the Governor, Division of Administration, Office of Broadband Development and Connectivity, LR 481515 (June 2022), LR 48, Amended LR 49AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2370-2370.16.