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General Terms and Conditions <br />DEFINITIONS <br />Unless indicated otherwise from the context, the following terms shall have the following meanings in this Contract. All <br />definitions are from 9 NCAC 3M.0102 unless otherwise noted. If the rule or statute that is the source of the definition is <br />changed by the adopting authority, the change shall be incorporated herein: <br />"Agency" (as used in the context of the definitions below) shall mean and include every public office, public officer or <br />official (State or local, elected or appointed), institution, board, commission, bureau, council, department, authority or <br />other unit of government of the State or of any county, unit, special district or other political subagency of government. <br />For other purposes in this Contract, "Agency" shall mean the entity identified as one of the parties hereto. <br />"Audit" means an examination of records or financial accounts to verify their accuracy. <br />"Certification of Compliance" means a report provided by the Agency to the Office of the State Auditor that states that the <br />Grantee has met the reporting requirements established by this Subchapter and included a statement of certification by <br />the Agency and copies of the submitted grantee reporting package. <br />"Compliance Supplement" refers to the North Carolina State Compliance Supplement, maintained by the State and Local <br />Government Finance Agency within the North Carolina Department of State Treasurer that has been developed in <br />cooperation with agencies to assist the local auditor in identifying program compliance requirements and audit procedures <br />for testing those requirements. <br />"Contract" means a legal instrument that is used to reflect a relationship between the agency, grantee, and subgrantee. <br />"Fiscal Year" means the annual operating year of the non-State entity. <br />"Financial Assistance" means assistance that non-State entities receive or administer in the form of grants, loans, loan <br />guarantees, property (including donated surplus property), cooperative agreements, interest subsidies, insurance, food <br />commodities, direct appropriations, and other assistance. Financial assistance does not include amounts received as <br />reimbursement for services rendered to individuals for Medicare and Medicaid patient services. <br />"Financial Statement" means a report providing financial statistics relative to a given part of an organization's operations <br />or status. <br />"Grant" means financial assistance provided by a State agency to an eligible grantee to carry out activities identified in the <br />contract agreement. <br />"Grantee" means an entity that receives State funds as a grant from a State agency. <br />"Grantor" means an entity that provides resources, generally financial, to another entity in order to achieve a specified goal <br />or objective. <br />"Non-State Entity" has the meaning in G.S. 143-C-1-1(d)(18). <br />"Public Authority' has the meaning in G.S. 159-7(10). <br />Gvmt Rev. 7/11 Page 2 of 9 <br />