North Carolina Recoverable Grant Agreement
Description
How to fill out Recoverable Grant Agreement?
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FAQ
The IRS has advised the Department that payments from the Business Recovery Grant Program are subject to federal income tax and should be included in the business's gross income or gross receipts.
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.
During Step 5, you will complete the program's Household Composition Reverification Form, which verifies the individuals who are part of your household, including whether there has been any change to the household since the time of the initial application and whether any additional individuals are anticipated to join ...
Signing the grant agreement is the last step of the grant preparation phase. It shows that both you and we formally approve the agreement and its annexes. The grant agreement enters into force on the day of the last signature.
The extra credit grant is a $335 payment to you from the State of North Carolina. If you qualify, you will receive a $335 payment. The payment is to help families with qualifying children in North Carolina by providing economic support to assist with virtual schooling and child-care costs during the COVID-19 pandemic.