(1) Any grant received by an applicant shall be subject to the grant conditions and other policies, regulations and rules issued by the U.S. department of justice, U.S. department of education or other federal grantor agency, for the administration of grant projects, including, but not limited to, the following:

(a) Funds awarded are to be expended only for the purposes and activities covered by the applicant's approved plan and budget;

(b) All applications are subject to federal and state laws, regulations, and policies;

(c) Appropriate grant records and accounts will be maintained and made available for audit as proscribed by the U.S. department of justice, U.S. department of education or other federal grantor agency;

(d) Reports from subgrantees as proscribed by the board are due 20 days after the end of each quarter on October 20, January 20, April 20 and July 20. The board may cancel any award to a subgrantee if such reports are twice delinquent.