Orange County NC Website
Browse       Search
DocuSign Envelope ID:99C9F1BE-6EF7-45DE-BDBD-4B6928396A96 <br /> 1. The C,HD0 shall request disbursements of.' IIOMI`' Program lumls, only at the time <br /> funds are needed to pay eligible costs, (Requested funds are hinited to the arnourit <br /> needed to cover these costs and wfiicli can be expended within 10 days from the (fate <br /> funds are disbursed to the County fi-om, the US Treasury.) <br /> 2, From time to tinic, but not more than once each month, the CH DO nmy subMit t:01 the <br /> County a request for reimbursement of operating expenses for the preceding calendar <br /> nionth, if applicable. <br /> 1 The C,,ounty shall reitnburse the CHDO in an aniount approved by the COUrIty Within <br /> fifteen (f 5) calendar days after receipt, of a request l"or reirnbursenient, except for <br /> conditions I)eyond the County's control. <br /> 4. For reirnbursernent of indirect costs, the CIED0 sball have on file a cost allocation <br /> plan approved by the County. <br /> 5. .ri,,,e SU111 total, of the ClID0 reinibursetnent request during as givers ),,car stiall, not <br /> exceed the aniount oaf the agreed upon budget appearing in. A.tt.acht-rent A. <br /> 6. The CHDO shall maintatri and make available, wheii MCILIested, support <br /> (locumentation, for all expenditures. <br /> I. DURATION OF THE ACIMEEMENT- <br /> I. This Agreement .)'hall be effective on the date of execution and shall rcii'lain in ef'f'ect <br /> during the period of afTordability required by the Act under 24 CTR Part 92 and the <br /> (I <br /> "ounty's 99 year period (.)fafT(-.)rdabilj.ty whichever is greater. <br /> 2. The Aj.,.,,reetnent and the provisions herein n-my be extended to cover any additional <br /> time period during which the CHDO remains in control of HOME funds or assets, <br /> including progmtn incom.c. <br /> J. CONDYFIONS FOR RELIGIOUS ORGANIZATIONS: <br /> 1. If applicable, the CHDO naust mect conditiolis and. limitations tbr arse of HOME <br /> ,funds invol ving a priniaffly religious entity. <br /> 2, the conditions are splecified in 24 CIT Part 92.257. <br /> K. COMMUNITY HOUSING DEVE.LOPMEN'I' OR(I"tANIZA"I'ION PROVISIONS: <br /> 1. H.' the C14DO Should receive H01ME funds, only for operating expenses provided <br /> under 24 CJ�R 92.208, the CHDO may expect to receive ):rojec ' 11 <br /> I t fundirig, within 24 <br /> trionths of receiving f IOME funds Bor those operating expetises. (Such operating <br /> expenses, are limited to costs associated with 110ME-eligible activities) <br /> 4 <br />