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(c) If a grantee breaches a condition of the grant, the department will, in its discretion, terminate the grant under 7 AAC 78.290, or seek any contract or grant remedy that is available at law or in equity, including injunctive relief and damages. (d) A grantee shall accept appropriate state placements of children in its facility or facilities. If a grantee refuses to accept appropriate placements, the department will, in its discretion, reduce, suspend, or terminate a grant. If a grantee refuses to accept appropriate placements, and as a result fails to maintain an 80 percent occupancy rate, for any quarter, in beds for which the department has granted money, then the department will unilaterally reduce the total amount of the grant to the amount necessary to reimburse the grantee at the same rate per bed as the original grant for a number of beds for which the facility has accepted appropriate placements from the state at an 80 percent occupancy rate for the quarter. If the department elects to reduce a grant, and the grantee disputes the department’s contention that placements were appropriate, the commissioner will appoint a placement committee of at least three persons to determine whether placements were appropriate before reducing the grant. (Eff. 1/13/85, Register 93) Statutory Authority: Authority: AS 47.05.010 AS 47.40.011 AS 47.40.041 7 AAC 53.930. Reporting forms. Repealed 1/13/85. Publisher’s note: When repealed, this section was numbered 7 AAC 50.930. 7 AAC 53.931. Financial records. (a) A grantee shall maintain financial records on a double-entry basis. (b) A grantee shall maintain its accounts on an accrual basis. (c) A grantee shall maintain its revenue and expense accounts on a gross basis. The grantee may not debit disbursements in the nature of expenditures to revenue accounts, or credit revenue receipts to expenditure accounts. The grantee shall credit refunds of current-year expenditures to