The Kentucky Grant Agreement is a legal contract that outlines the terms and conditions governing the distribution of grant funds from the state of Kentucky to various organizations, communities, or individuals. It serves as a formal agreement between the granter (typically a state agency or department) and the grantee (the entity or individual receiving the grant). Kentucky offers several types of grant agreements, each catering to specific sectors, needs, or initiatives. Some different types of Kentucky Grant Agreements include: 1. State Government Grants: These agreements involve the allocation of financial resources from the state government to support various public programs, research projects, infrastructure development, or community services. State agencies such as the Kentucky Department of Education or the Kentucky Department of Health may offer grants to eligible recipients. 2. Nonprofit Organization Grants: Kentucky provides grant agreements to nonprofit organizations that offer social services, address community needs, or promote economic development. These grants may focus on areas such as healthcare, education, poverty alleviation, environmental conservation, arts and culture, or disaster response. 3. Education Grants: Kentucky offers grant agreements to educational institutions, including schools, colleges, and universities. These grants support initiatives that enhance the quality of education, improve access to educational resources, or fund research projects. Examples of such grants include the Kentucky Education Excellence Scholarship or the Kentucky Work Ready Skills Initiative. 4. Community Development Grants: These grant agreements are designed to promote the development of Kentucky communities. They may assist in funding projects relating to affordable housing, economic revitalization, transportation infrastructure, or public facilities' improvement. The Kentucky Community Development Block Grant program is an example of a grant agreement focused on community development. 5. Small Business Grants: Kentucky provides grant agreements to small businesses to stimulate economic growth and job creation. These grants may offer financial assistance for various purposes, such as business expansion, research and development, workforce training, or technology adoption. The Kentucky Small Business Innovation Research (SIR) and Small Business Technology Transfer (STAR) Matching Funds program is an example of such grants. In summary, the Kentucky Grant Agreement is a formal contract that governs the distribution of grant funds from the state of Kentucky. It encompasses various types of grants aimed at supporting state government programs, nonprofit organizations, educational institutions, community development, and small businesses. These agreements play a crucial role in promoting growth, progress, and positive impact throughout the state of Kentucky.
Kentucky Grant Agreement
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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.
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.
Typically, the coordinator or sole applicant signs first, followed by the Commission or agency. In a consortium, beneficiaries other than the coordinator accede to the grant agreement by signing an accession form.
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.
If the purpose is to acquire property or services for the direct benefit or use of the federal government, the agency is to use a procurement contract; if the purpose is to stimulate or support an activity that serves a public purpose, the agency is to use a grant or cooperative agreement.
Grant agreement. ?Grant agreement? means a legal instrument of financial assistance between a Federal agency and a non-Federal entity that, consistent with 31 U.S.C.