261—187.3 (15) Project completion date and maintenance date.
	 187.3(1) Projects shall be completed by the project completion date and maintained through the end of the maintenance date. The contract will establish the duration of the project period and maintenance period.
	 187.3(2) Projects receiving funding from programs or funding sources that have statutory project completion and maintenance periods shall comply with the requirements for that program or funding source.
	 187.3(3) Projects receiving assistance from programs without statutory project completion and maintenance periods shall conform to the time periods established by this rule, unless a different time period is negotiated and approved by the board or director.
	 187.3(4) By the project completion date, a recipient shall have completed the project as required by the contract. The jobs and project shall be maintained through the end of the maintenance date. The project completion date is calculated by the department from the end of the month during which an award is made. For example, if a CEBA award is made on June 13, 2007, the three-year project completion period will be calculated from June 30, 2007. The project completion date for this award would be June 30, 2010. The maintenance date would be June 30, 2012.
	 187.3(5) The following table describes, by program, the length of the project completion period and maintenance period:

Program	Project Completion Date	Maintenance Date	Total Contract Length	
CEBA	3 years	2 more years	5 years	
*PIAP	3 years	2 more years	5 years	
*EVA	3 years	Until repayment obligation is fulfilled	Variable	
*VAAPFAP	3 years	2 more years	5 years	
EDSA	3 years	 	3 years	
<fo:wrapper font-size="9pt" font-family="'Arial Unicode MS'"> </fo:wrapper>*If the project is funded with IVF(FES) or program funds (“old money”), these time periods do not apply.	
EZ	3 years	10 more years	13 years	
HQJC 3-15 jobs	3 years	2 more years	5 years	
HQJC 16 or more jobs	5 years	2 more years	7 years	
Other Contracts in IDED Project Portfolio (beginning 7/1/03)	
CEBA awards
prior to approximately 9/1/05	3 years	Ranging from 13 more weeks to 3 more mos.; as stated in the contract	Variable	
IVF(FES) direct project awards
from 7/1/03 to 6/16/04	Up to 4 years or longer	Up to 6 years; as stated in the contract	Up to 10 years	
NCIP	3 years	2 more years	5 years	
NJIP	5 years	5 more years	10 years