2008-094 Coop Ext - NC Agricultural Development and Farmland Preservation Trust Fund

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c. The Grantee shall also submit a final grant report; the Agency will retain 20% of the grant amount until this report is received and approved by the Agency. d. The Grantee shall complete all reports in a prescribed format, which shall be provided by the Agency. 5. Agency's Duties: The Agency shall pay the Grantee in the manner and in the amounts specified in the Contract Documents. The total amount paid by the Agency to the Grantee under this Contract shall not exceed $132,000. This amount consists of $132,000 in State funds. [ ] a. There are no matching requirements from the Grantee. [X ] b. The Grantee's matching requirement is $39,600, which shall consist of: [ ] In-kind [ ]Cash [ ]Cash and In-kind [X] Cash and/or In-kind The contributions from the Grantee shall be sourced from non-federal funds. The total contract amount is $171,600. 6. Conflict of Interest Policy: The Agency has determined that the Grantee is not subject to N.C.G.S. 143C-6-23(b) (2007). 7. Statement of No Overdue Tax Debts: The Agency has determined that the Grantee is not subject to N.C.G.S. 143C-6-23(c). 8. Reversion of Unexpended Funds: Any unexpended grant funds shall revert to the Agency upon termination of this Contract. 9. Reporting Requirements: The Agency has determined that the Grantee is not subject to the reporting requirements mandated by N.C.G.S. 143C-6-23. 10. Payment Provisions: Upon execution of this Contract, the Grantee shall submit to the Agency Contract Administrator a completed "Request for Payment" form, to be provided by the Agency, for an amount not to exceed $25,000. Thereafter, all "Request for Payment" forms shall be submitted no more often than monthly and shall be supported by appropriate invoices, or other types of billing documents. The Grantee may request from the Agency all remaining funds less 20°k of the awarded grant amount (refer to Paragraph 4, Line c). At a later date, but prior to the expiration date of the contract, the Grantee may request the final payment, which is the remaining 20°k of the awarded grant amount, upon the Grantee's submission of a final grant report determined to be in compliance with the Agency's reporting specifications. The Grantee shall submit all requests for payment for the month of June and return any unspent funds, relating to this contract period, to the Agency no later than June 15. All payments are contingent upon fund availability. If this Contract is terminated prior to the original end date, the Grantee may submit a final "Request for Payment" form. All unexpended funds shall be returned by the Grantee to the Agency within 60 days of the contract termination date. The Grantee shall also provide the Agency with a final report, in a format provided by the Agency, within 60 days of the contract termination date. The final report will be used by the Agency to determine the amount, if any, of expended funds to be returned to the Agency by the Grantee. Payment shall be made in accordance with the Contract Documents and as described in the Scope of Work, Attachment B. M58~NCD Form 0009A Grarrt Cover Sheet CqD Eff. 9/2005 Revised 08/08 Revised 5/06, 7/07 Page 2 of 12