Section 161.54. Large grants or loans; contract requirements.

  For each grant or loan of $100,000 or more, the contract under s. ATCP 161.52 shall require the recipient to do all of the following:

(1)  Submit a verified statement accounting for the use of all grant or loan funds received. The verified statement shall include all of the following:

(a) The amount of funds received.

(b) A clear itemized description showing, by expenditure category, how all received funds were spent.

(c) The nature and amount of any matching funds provided by the recipient, and the recipient's use of those matching funds.

(d) Documentation of the deliverables provided by the recipient under the contract, and the dates on which the recipient provided those deliverables.

(2)  Submit the verified statement under sub. (1) in a form required by the department, within a time period specified by the department.

(3)  Make available to the department, upon request, evidence documenting the accuracy of the verified statement under sub. (1) .

CR 10-120 : cr. Register August 2011 No. 668 , eff. 9-1-11.