(A) Job ready site funds will be disbursed only to grantees whose projects have been selected by the director, approved by the state controlling board and are subject to an executed job ready site grant agreement.
(B) Grantees shall submit requests for reimbursement of allowable costs in a format acceptable to the director. Grantees shall include such supporting documentation of costs and expenditure of local match as the director may reasonably require. Upon verification of such costs and expenditure of local match, the director shall reimburse grantee from the grant funds awarded.
(C) Only allowable costs incurred after the effective date of the job ready site grant agreement will be eligible to be reimbursed to the grantee. Notwithstanding the foregoing limitation, a grantee may be reimbursed the actual cost, not to exceed fifty thousand dollars, for a real property survey included in the job ready site program application.
(D) Grantees must submit to the director an annual progress report in a format acceptable to the director during the each year of the term of the agreement. The term of the agreement shall be defined in the job ready site grant agreement and shall include a post construction completion period necessary to evaluate the effectiveness of the job ready site project. The report shall detail progress of the project and any additional information as may be requested. Annual progress reports shall be certified as accurate and complete by the grantee's chief elected officer or chief executive officer, as applicable.