The North Dakota Recoverable Grant Agreement is a legal document that outlines the terms and conditions for providing financial assistance to eligible individuals or organizations in North Dakota. This agreement is designed to support various initiatives, programs, or projects that contribute to the economic development and welfare of the state. The North Dakota Recoverable Grant Agreement operates on the principle of providing funds as a grant, which are then expected to be recovered or repaid under specific circumstances. This unique structure allows recipients to receive financial support without imposing a permanent burden on the state's resources. In general, there are two main types of North Dakota Recoverable Grant Agreements: 1. Economic Development Grants: These grants aim to foster economic growth, job creation, and innovation within the state. They can be awarded to businesses, start-ups, or non-profit organizations that demonstrate potential for long-term sustainability and positive impacts on the economy. The terms of repayment for economic development grants may vary depending on the specific project or business plan. 2. Community Development Grants: These grants are designed to enhance the quality of life for North Dakota residents by supporting community-based initiatives. They typically focus on areas such as infrastructure development, affordable housing, healthcare services, education, or environmental conservation. Similar to economic development grants, the repayment terms for community development grants are determined on a case-by-case basis. Keywords: North Dakota, Recoverable Grant Agreement, legal document, financial assistance, economic development, welfare, initiatives, programs, projects, economic growth, job creation, innovation, businesses, start-ups, non-profit organizations, sustainability, positive impacts, economy, community development, quality of life, infrastructure development, affordable housing, healthcare services, education, environmental conservation.
North Dakota Recoverable Grant Agreement
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The plan allows the state to access federal Title IV-E funding for front-end prevention services to divert children from entering foster care. North Dakota was the seventh state in the country to receive approval of its plan.
The Student Financial Assistance Program, also known as the State Grant, provides a non-repayable need-based grants to North Dakota residents who are first-time undergraduate students. Students must be pursuing an eligible program at a qualifying North Dakota institution, and must be enrolled at least quarter-time.