Orange County NC Website
Browse       Search
' <br /> ' <br /> 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 9NCAC3K8D1O2 unless otherwise noted. |f the rule or statute that io the source nf the definition is <br /> changed bv the adopting authority,the change shall bn incorporated herein: <br /> "Agency" (us used in the context of the definitions below) shall mean and include every public office, public officer or <br />| uMicim| [�tatc or|o��|, elected orappointcd}, institution, boand, commiusion, bureau, xound|, dcpurtment, authority or <br />� ` appointed), <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 uf Compliance"means a report provided hv the Agency tothe Office uf the State Auditor that states that the <br /> Grantee has met the reporting requirements established by this Subehapter and included a statement of certification by the <br /> Agency and copies of the submitted grantee reporting package. <br /> "Compliance Supplement" refers tn the North Carolina State Compliance Supplement, maintained hy the State and Local <br /> Government Finance Agency within the North Carolina Department of State Treasurer that has been developed in � <br /> ! <br /> cooperation with agencies t assist the local auditor in identifying rmm compliance requirements und 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 orderto 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(l 0). <br /> Gvmt Rev.6/12 Page 2 of 9 <br /> Now <br />