Arkansas Grant Agreement

State:
Multi-State
Control #:
US-ENTREP-0038-2
Format:
Word; 
Rich Text
Instant download

Description

Grant agreement is a legal instrument of financial assistance between a Federal awarding agency or pass-through entity and a non-Federal entity. The Grant Agreementis a written document memorializing the terms and conditions of an Award granted pursuant to the Plan and shall incorporate the terms of the Plan.
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FAQ

In addition to standard terms describing grant amounts and purposes, agreements also include provisions regarding intellectual property rights, reporting requirements, and indemnification, among other subjects. Special provisions are included that deal with international philanthropy.

It serves as a binding document that defines the responsibilities of districts and the state from the determination of the amount of eligible state funding to the reporting of all project funds, including any savings achieved.

The Agreement includes: this letter ? the Grant schedule (attachment A) ? the Grant terms and conditions (attachment B) ? your application ? the grant opportunity guidelines applicable on the date you submitted your application.

Grants can provide valuable resources for organizations to carry out projects or provide services they otherwise would not be able to. It is important to remember, however, that grants are competitive.

Essentially, a contract is a legally binding document in which the parties make promises to deliver a product or service in exchange for consideration (usually money.) A grant on the other hand is when one party grants funds to another party to do something, in reasonable hopes that the task can be accomplished.

The Emergency Solutions Grant Program (ESG) Provide essential services to shelter residents; Rapidly re-house homeless individuals and families; and. Prevent families and individuals from becoming homeless.

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Arkansas Grant Agreement