§ 51:2370.32 — Reimbursement for grantees

Louisiana § 51:2370.32

• Jurisdiction: Louisiana
• Title 51: Trade and Commerce

Text

§2370.32. Reimbursement for grantees
A. GUMBO 2.0 awards shall be made on a fixed-amount subaward basis, consistent
with NTIA's Tailoring the Application of the Uniform Guidance Policy Notice, and an initial
ten percent disbursement shall be made available immediately upon entering into a
subgrantee agreement.
B. Except as provided in Subsection C of this Section, the next ten percent of the
subgrant award shall be provided based on provider certification and the office's verification
that ten percent of the eligible locations have been reached. The remaining disbursements
shall be given at the thresholds of completion of thirty-five percent, sixty percent, eighty-five
percent, and one hundred percent. The final disbursement for one hundred percent
completion shall be given only after verification of one hundred percent deployment to
eligible locations, within the mandatory forty-eight-month maximum deadline, which may
be extended up to a year by the office or another shorter timeline certified by the applicant.
The office shall disburse funds only for completed deployments that comply with the terms
included in the successful application and shall withhold funds for failure to do so.
C. Notwithstanding any other provision of law to the contrary, the office may
disburse on any basis that may be necessary to effectuate option 2.4, Subgrantee Option for
Alternative Initial LOC or Performance Bond Percentage made available in the BEAD Letter
of Credit Waiver issued by NTIA on November 1, 2023, and the office may give full effect
to that option as a means of enabling a subgrantee to satisfy the GUMBO 2.0 letter of credit
requirement.

Legislative History

Acts 2023, No. 383, §1; Acts 2024, No. 632, §1.