Section 1603 Grants: How Barnes Dennig Can Help

There is no cap on the Section 1603 grants, but applicants seeking grants for projects costing more than $500,000 (per specified property) must submit an Agreed Upon Procedures (AUP) engagement report of costs prepared by an independent accountant. Barnes Dennig may be engaged to conduct the AUP and to prepare and file the necessary grant applications.

For grant applications requesting $1 million or more per project, the independent accountant must examine the accuracy of costs claimed in accordance with AT Section 101, Attest Engagements established by the American Institute of Certified Public Accountants. The accountant’s examination report will accompany the grant application.