Disbursement

Disbursement. Grant funds will be disbursed on a reimbursement basis on a drawdown schedule agreed upon by MDA. The final 10% of Select Sites grant funds will be disbursed after a final report is submitted, accepted, and approved by MDA. Applicants must submit a final report to MDA within 90 days of the project’s completion date. Projects not completed within twenty-four (24) months of the execution of a grant agreement must show evidence of progress as determined by MDA’s Business Incentives Division in order to receive grant funds. Grants approved for projects not completed within twenty-four (24) months and demonstrating no tangible progress may be deobligated.