For hospitals with existing projects, the authority should request written confirmation from hospitals that detail when the hospitals will submit disbursal requests for approved funds.
Hospitals with active grants that have not been fully disbursed are asked to provide written projections of disbursement requests covering four quarters, and to update those projections at least twice a year.
The Authority is developing a system whereby, for each approved grant, hospitals will outline in writing and then regularly confirm estimates of grant disbursement amounts and timelines. In addition, the Authority will maintain a forecasting spreadsheet that aggregates all of the disbursement estimates and use it as a basis for bond funding requests.
The authority indicates that, upon execution of new grant agreements, it will request that the grantee provide in writing the projections of timing and the amount of disbursement requests. (See 2013-406, p. 90)
Agency responses received after June 2013 are posted verbatim.