2018-139 OPT - NCDOT 2018 grant contract

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C8 The Grantee shall limit reimbursement for meals, lodging and travel to rates established bv the State of North Carolina Travel Policy. [|ootn incurred by the Grantee in excess of these rates shall be borne by the Grantee. (3) The Grantee understands and agrees that payment to the Grantee on any Project coat does not constitute the Federal/State Government's final decision about whether that cost in e||nvvab|e and eligible for payment and does not constitute avvaixor nf any violation by the Grantee of the terms of this Agreement. The Grantee acknowledges that the Federal/State Government will not make a final determination about the allowability and eligibility of any cost until an audit ofthe Project has been completed. |f the Federal/State Government determines that the Grantee is not entitled to receive any portion nfthe Federal/State assistance the Grantee has requested or provided, the Department will notify the Grantee in vvrit|nO, stating its reasons. The Grantee agrees that Project closeout will not alter the Grantee's responsibility to return any funds due the Federal/State Government as a result of later refundo , cunecUona , or other transactions; nor will Project closeout alter the Federal/State Government's right to diaeUovv costs and recover funds on the basis of later audit or other review. Unless prohibited by Federal/State law orregulation, the Federal/State Government may recover any Federal/State assistance funds made available for the Project as neoesoaryto satisfy any outstanding monetary claims that the Federal/State Government may have against the Grantee. g. Program Income (1) State, Local, or Indian Tribal Governments. In addition to uses of program income authorized under C.F.R. Part 200.80, FTA reserves the right to permit the Department to odd program income to the funds FTA and the recipient have committed to that Grant agreement and use that program income for the purposes of and under the conditions of the grant agreement. /2\ Institutions of Higher Education, private Non-Profit Organizations, and Private For Profit Organizations. FTA reserves the right to permit o recipient to odd the program income to the funds FTA and the recipient have committed to that Grant agreement and use that program income to further eligible project or program objectives. (5) Cost Associated With Program Income. Except tothe extant FTA determines otherwise in writing, the cost incident tnthe earning program income may be deducted from the Recipient's gross income to determine program income, provided these costs have not been charged to the Grant Agreement. h. . (1) . Upon notification to the BnanKam that specific amounts are owed to the Federal/State Government, whether for excess payments of Federal/State assistance, disallowed costs, or funds recovered from third par-ties or elsewhere, the Grantee agrees to remit to the Department promptly the amounts owed, including applicable interest and any penalties and administrative charges. /2\ Amount of Interest, The Grantee agrees to remit to the Department interest owed as determined in accordance with N.C.G.S. 147-86.23. Upon notification to the Grantee that specific amounts are owed to the Federal Government, whether for excess payments of Federal assistance, disallowed costs, or funds recovered from third parties or elsewhere, the Grantee agrees to remit to the Federal Government promptly the amounts uvved, including applicable |nterent, penalties and administrative charges. (3) Payment to FTA. Upon receipt of repayment from the Grantee. the Department ahe|| be responsible to remit amounts owed to FTA. i. . The Grantee agrees that the Department may de-obligate unexpended Federal and State funds before Project closeout. Section 8. Accounting Records. o. Establishment and Maintenance of Accounting Records. The Grantee shall establish and maintain separate accounts for the public transportation program, either independently or within the existing 05/37/2015 Page 9of36