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defined in 7 AAC 78.280(b), of $5,000 or more; or

(B) intangible personal property, including patents, inventions, and copyrights;

(26) “nonprofit organization” means an

(A) organization that is organized as

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Official source

defined in 7 AAC 78.280(b), of $5,000 or more; or

(B) intangible personal property, including patents, inventions, and copyrights;

(26) “nonprofit organization” means an

(A) organization that is organized as

(i)

a nonprofit corporation under AS 10.20;

#

(i) a nonprofit corporation under AS 10.20;

(ii)a religious corporation under AS 10.40; or#

(ii) a religious corporation under AS 10.40; or

(iii) an entity that is substantially similar to one described in (i) or (ii) of this subparagraph, and that is not organized for profit under the laws of another state; or

(B) an entity that has been granted tax exempt status by the United States Internal Revenue Service under 26 U.S.C. 501(c)(3);

(27) repealed 10/16/2012;

(28) “personal property” means property other than real property;

(29) “political subdivision of the state” means a

(A) municipality; or

(B) regional educational attendance area organized under AS 14.08 and AS 29.03.020;

(30) repealed 10/16/2012;

(31) “program goals” means a condition of well-being for children, families, or communities, as applicable, resulting from a particular grant program;

(32) “proposal” means the response submitted by an applicant to a request for proposals, request for letters of interest, or other method of solicitation issued under this chapter;

(33) “real property” means land, land improvements, and structures and appurtenances located on land; “real property” does not include movable machinery and equipment;

(34) “responsive grant proposal” means a proposal received in response to a solicitation under this chapter that conforms in all material respects to the solicitation;

(35) “straight-line method” means a method of depreciation that is calculated by using an item’s acquisition cost, less its salvage value, divided by its useful life, measured in years; this method produces a single depreciation amount that is used for each year of the item’s useful life;

(36) “strategies” means a plan of action, or series of actions, intended to achieve desired outcomes;

(37) “technical requirements” means conditions that a grant applicant must comply with before the award of a grant; “technical requirements” includes minimum responsiveness criteria;