GRANT-LOAN ADMIN EXPENSE ACT
Synopsis of Bill as introduced:
Creates the Grant and Loan Program Administrative Expenses Act.
Provides that when a unit of local government is entitled under State
or federal law or regulation to recover or retain funds to reimburse
the unit of local government for its administrative expenses incurred
in the administration of a grant or loan program, the unit of local
government will be reimbursed for indirect and direct costs. Provides
that the unit of local government shall not be reimbursed for indirect
costs if that reimbursement is inconsistent with any conditions,
limitations, or prohibitions imposed under federal law or regulations.
FISCAL NOTE (Dept. of Commerce and Community Affairs)
The fiscal impact of HB 1855 on DCCA to provide additional
monitoring for grants and loans to local governments cannot
be reasonably estimated at this time.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
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