10.121.804    DISBURSEMENT OF GRANT FUNDS

(1) Funds available for expenditure on cultural and aesthetic projects are variable in amount and frequency of collections, therefore, allocation and disbursement of funds shall be discretionary with the society based upon availability of funds and the following criteria:

(a) Those projects of an on-going nature during the course of the full grant period shall receive the first priority for allocation of funds. No project will receive more than 25% of the total grant award during a six month period. An on-going project is defined as a project designed to operate throughout the grant period with full-time staff and other obligations to be met on a monthly basis.

(b) All other projects will be allocated the remaining monies on a percentage basis. That percentage will be determined for each project by dividing the amount awarded each project by the total appropriation for cultural and aesthetic projects.

(c) If actual revenues fall short of the amount appropriated for cultural and aesthetic project grants the shortfall shall be shared equally among all projects on the same percentage basis.

History: Sec. 22-3-107 MCA; H. B. 871, 47th Legislature; IMP, Sec. 22-3-112 MCA; H. B. 871, 47th Legislature; NEW, Eff. 9/18/81.