Grant management and oversight requirements

The department shall establish grant management and oversight requirements that, at a minimum, require state agencies to: A. ensure that sales, leases and licenses of capital assets acquired with capital outlay appropriations and special purpose appropriations granted to a grantee are approved in accordance with applicable law; B. in the event no oversight agency is required to approve of a sale, lease or license of capital assets acquired with capital outlay appropriations and special purpose appropriations granted to a grantee, independently confirm that the disposition of capital assets complies with applicable law and that the grantee is receiving adequate consideration in exchange for the capital assets; C. utilize the appropriate capital outlay grant agreement template developed by the department; and D. conduct field audits of capital outlay projects, on a statistical or stratified basis, in accordance with procedures and policies prescribed by the department. History: Laws 2025, ch. 154, § 4.