Enrolled SB 150: Relating to the Alaska children's trust grant awards.
00Enrolled SB 150 01 Relating to the Alaska children's trust grant awards. 02 _______________ 03 * Section 1. AS 37.14.250(a) is amended to read: 04 (a) In awarding grants from the net income of the trust, the board shall 05 consider the proposals of a qualified applicant only after the applicant has submitted a 06 detailed proposal in the form prescribed by the board. The board may not award a 07 grant unless the board makes written findings that 08 (1) the proposed project, if successful, will help prevent child abuse or 09 neglect; 10 (2) the application for financial assistance contains an adequate plan 11 for project implementation, including both financial feasibility and project 12 effectiveness; 13 (3) the applicant demonstrates that sufficient technical expertise is 14 available to accomplish the objectives of the proposed program or project; [AND] 15 (4) the applicant has identified costs associated with and ancillary to
01 the project, additional governmental costs, future obligations generated by the 02 program or project, and necessary operating, maintenance, or other support costs for 03 the life of the program or project; and 04 (5) the applicant has included in the program or project proposal a 05 plan for sustainability and self-sufficiency after the grant period. 06 * Sec. 2. AS 37.14.250(d) is repealed and reenacted to read: 07 (d) The board may not award grants to a single project or program for more 08 than four years. The grant amount awarded by the board under this section may not 09 exceed the following amounts for the years specified: 10 (1) for the first year for which the program or project receives a grant, 11 75 percent of the first-year costs of the program or project; 12 (2) for the second year of the project or program, 50 percent of the 13 project's or program's first-year costs; and 14 (3) for the third and fourth years of the project or program, 25 percent 15 of the project's or program's first-year costs. 16 * Sec. 3. AS 37.14.250 is amended by adding a new subsection to read: 17 (g) The board may reduce or discontinue a grant awarded or distributed under 18 this section at any time during the grant period if the project is not being successful in 19 accomplishing its objectives, as determined by the board.