SECTION 330:45-11-1. Grant funding

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Upon final selection of an Applicant, OHFA will obligate Grant funds quarterly based on invoices received from Recipient. Quarterly billing may be conducted on a monthly reimbursement of Recipient's costs. OHFA, at its discretion, may advance payments of Recipient's estimated costs on a monthly basis. Recipient's costs include Administrative Fees which would be allocated either monthly or quarterly based upon the appropriate billing cycle. OHFA reserves the right to obligate funds over a shorter or longer length of time if deemed necessary by OHFA.

[Source: Added at 12 Ok Reg 755, eff 1-5-95 (emergency); Added at 12 Ok Reg 2793, eff 7-15-95]

                    
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