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A. Implementation. The Project implementation shall take place between July 1, <br /> 2012 and June 30, 2013. The Project shall be implemented in the manner <br /> described in Exhibit A. Time is of the essence in the implementation of the <br /> Project. <br /> B. Modifications to project. Grant Recipient shall present major changes to the <br /> original proposal, including but not limited to changes in design, implementation <br /> schedule and increase in Project budget by more than 10%, in writing to the Arts <br /> Commission for approval. Arts Commission shall approve or disapprove Grant <br /> Recipient's request for modifications within seven (7) days of receipt thereof. <br /> Consent to project modifications shall not be unreasonably withheld. Arts <br /> Commission's decisions shall be in writing. In the event the Arts Commission <br /> fails to approve or disapprove the requested modifications within the time stated <br /> herein,the modifications shall be deemed approved. <br /> C. Non—assi nment. The grant cannot be assigned or transferred to a different project <br /> or artist without prior written approval of the Arts Commission. <br /> D. Records. Grant Recipient must maintain records and other evidence pertaining <br /> to costs incurred and revenues acquired during the Project implementation. Grant <br /> Recipient shall maintain financial records pertaining to the Project for three (3) <br /> years from the date of this Agreement, in case of audit. <br /> E. Use of Funds. Grant Recipient shall not use the grant funds to repay outstanding <br /> taxes or other debts of any nature. The grants shall be utilized solely for the <br /> purpose of implementing the Project and Project related expenses. <br /> F. Final Report. Grant Recipient shall submit to the Arts Commission a Final Report <br /> on or before Friday, July 5, 2013 . The Final Report shall be in the format <br /> required by the North Carolina Arts Council. Failure to submit the Final Report <br /> or late submission of the Final Report, for any reason, shall be grounds for denial <br /> and/or cancellation of grant funds for the Project and future grant proposals. <br /> 5. Responsibilities of the Arts Commission <br /> A. Payment. The Arts Commission shall release the grant funds in the amount of <br /> $1,500 to the Grant Recipient. <br /> 6. Publicity <br /> A. Acknowled eg ment. Credit must be given to the Orange County Arts <br /> Commission using the Arts Commission logo and if State funds are received <br /> to the North Carolina Grassroots Program in brochures, news releases, <br /> programs, and all other printed and online publications. Copies of such printed <br /> materials must accompany the evaluation report. When no printed information is <br /> used, verbal credit shall be given. In addition, all print and promotional material <br /> must include the following credit line (check all that apply): <br /> 2 <br /> Revised May 2012 <br />