is a legal agreement between a donor department and a prospective recipient of a grant, which describes the obligations of each.
A standardized legally binding agreement, inclusive of an approved application with program and budget components and supporting terms and conditions, used to award discretionary funds.
A contract entered into by a grantee and a grantor. Typically based on the application submitted by the grantee, the Grant Agreement commits the grantee to carry out certain activities, within a stipulated time frame, for a specific amount of money. The Grant Agreement often refers to, or incorporates, policies that govern the use of grant funds. It is important to note that the Grant Agreement may include more restrictive conditions than were proposed by the grantee or are required by law.
The legally binding document enumerating the rights and duties of the Board and the Grantee regarding the Reuse Assistance Grant. The document consists of a cover sheet, Terms and Conditions, Procedures and Requirements, the Grantee's approved Work Plan and Budget, and attachments, and is signed by the Grantee's designated signatory and the Board's Executive Director or his/her designated signatory.
