The Risk Management Grant Program is designed to assist members in the financing of risk management initiatives to reduce liability claims.
Maximum Grant Amount
Members will be eligible for a maximum grant of 1% of their Subscriber Account balance each year to fund risk management initiatives. Unused eligible funds may be carried over into subsequent years. Members with account balances under $50,000 will be eligible for grants of up to $500 each year.
Time Period
The program will run for two years using the 2008 and 2009 year-end balances. The grant must be requested and expenses incurred between October 1, 2009 and December 31, 2010, unless the program is extended.
Qualified Expenses
Any goods or services acquired with the primary purpose of reducing liability claims will qualify. Examples of qualified expenses include equipment for inspections, costs associated with fulfilling any recommendation in a loss control report, policy reviews, safety equipment, signage, risk management studies, and site inspections. The emphasis will be on promoting the undertaking of new initiatives, rather than funding existing services.
Other Conditions
Members can apply for multiple grants each year provided they have not reached their maximum amount.
Grants are payable to the local government unless a Council resolution or letter from the Treasurer authorizing otherwise is provided.
A copy of the quote, purchase order, or receipt should be provided.
MIABC may publish details of approved initiatives with the view of encouraging other local governments to undertake similar initiatives.
Contact Mitch Kenyon at mkenyon@miabc.org for application details.
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