2020-893-E Economic Dev - Economic Development Partnership of NC COVID grant

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DocuSign Envelope ID:C80FF651-3BCF-4358-88DA-30DA3334E081 (4) Upon notification from a disbursing agency that a recipient is no longer noncompliant with the requirements set forth in Section.0200 of this Subchapter,validate that all such noncompliance has been corrected prior to the removal of that recipient from the Suspension of Funding listing. A recipient may appeal to the Office of State Budget and Management to be removed from the Suspension of Funding list if they believe they have been suspended in error. Once removed from the Suspension of Funding list, the recipient is eligible for current and future State financial assistance. (5) Take appropriate administrative action when the Director of the Budget finds that the recipient has spent or encumbered State funds for an unauthorized purpose, including ensuring allegations of criminal violations are reported to the Attorney General and the State Bureau of Investigation by the disbursing agency. (6) If the funds are a pass-through of funds awarded by an agency of the United States,consult with the awarding agency of the United States and the State agency that is the recipient of the pass-through funds prior to taking actions authorized by this Subchapter. History Note: Authority G.S. 143C-6-22, 143C-6-23; Eff.July 1, 2005; Readopted Eff.July 1, 2016 SECTION.0700-CONTRACTING,MONITORING,AND OVERSIGHT 09 NCAC 03M.0701 GRANT DOCUMENTATION History Note: Authority G.S. 143C-6-22, 143C-6-23; Eff.July 1, 2005; Repealed Eff.July 1, 2016 09 NCAC 03M.0702 SUBORDINATION OF OTHER CONTRACTS AGREEMENTS No contract agreements shall act to eliminate or diminish the requirements contained in this Subchaptcr. History Note: Authority G.S. 143C-6-22, 143C-6-23; Eff.July 1, 2005; Readopted Eff.July 1, 2016. 09 NCAC 03M.0703 REQUIRED CONTRACT PROVISIONS Prior to receiving State financial assistance, the recipient shall sign a contract with the agency that shall contain the obligations of both parties. Prior to disbursing any State financial assistance, each agency shall sign a contract with the recipient requiring compliance with the rules in this Subchapter. The requirements of this Rule shall also be applicable to all subrecipient relationships. Each contract agreement shall contain: (1) A specification of the purpose of the award, services to be provided,objectives to be achieved,and expected results; (2) The source of funds(such as federal or state)must be identified, including the CFDA number and percentages of each source where applicable. (3) Account coding information sufficient to provide for tracking of the disbursement through the disbursing agency's accounting system. (4) Agreement to maintain all pertinent records for a period of five years or until all audit exceptions have been resolved,whichever is longer. (5) Names of all parties to the terms of the contract.For the recipient or subrecipient,each contract shall contain the employer/tax identification number, address,contact information,and the recipient's or subrecipient's fiscal year end date. (6) Signatures binding all parties to the terms of the contract. (7) Duration of the contract,including the effective and termination dates. (8) Amount of the contract and schedule of payment(s). (9) Particular duties of the recipient. (10) Required reports and reporting deadlines.