§ 1627 - Payment of awards - Vermont Statutes

§ 1627. Payment of awards

The department may make periodic grant payments based upon certification by the grantee that costs for which reimbursement is requested have been incurred and paid by the grantee. The recipient shall provide supporting evidence of payment upon the request of the department. Partial payments shall be made not more frequently than monthly. Interest costs incurred in local short-term borrowing of the grant amount shall be reimbursed as part of the grant. After the construction has been completed, and its cost audited by the department, the department shall certify the remainder of the award to the commissioner of finance and management who shall issue his or her warrant for payment. (Added 1971, No. 97, § 3, eff. April 22, 1971; amended 1977, No. 39, § 5, eff. April 19, 1977; 1983, No. 195 (Adj. Sess.), § 5(b); 1989, No. 276 (Adj. Sess.), § 32, eff. June 20, 1990.)