Laserfiche WebLink
SUBRECIPIENT shall be required to reimburse the CITY of all such funds that were obtained <br />and/or spent under fraudulent circumstances, and the CITY reserves the right to take other remedies <br />that may be legally available. <br />The SUBRECIPIENT agrees to return all funds as requested by the CITY under this section <br />within thirty (30) days of receipt of the written request. <br />Any objections regarding terminations or suspensions shall be made by the SUBRECIPIENT in <br />writing and mailed to the. CITY pursuant to the above NOTICES section. <br />XVI. CLOSE-OUT <br />The SUBRECIPIENT agrees to comply with the closeout procedures detailed in 2 CFR 200.343, <br />including the following: <br />1. SUBRECIPIENT must submit, no later than ninety (90) calendar days after the end <br />date of the period of performance, all financial, performance, and other reports as <br />required by the terns and conditions of the Federal award; <br />2. Unless the CITY authorizes an extension, SUBRECIPIENT must liquidate all <br />obligations incurred under the Federal award not later than ninety (90) calendar days <br />after the end date of the period of performance as specified in the terms and <br />conditions of the Federal award; <br />3. SUBRECIPIENT must promptly refund any balances of unobligated cash that the <br />CITY paid in advance or paid and that is not authorized to be retained by <br />SUBRECIPIENT for use in other projects (See OMG Circular A-129 and 2 CFR <br />200.345); <br />4. SUBRECIPIENT must account for any real and personal property acquired with <br />Federal funds or received from the Federal government in accordance with 2 CFR <br />200.310-200.316 and 200.329; and, <br />5. The CITY should complete all closeout actions for the Federal award no later than <br />one year after receipt and acceptance of all required final reports. <br />XVII. VALIDITY AND SEVERABILITY <br />The invalidity in whole or in part of any provision of this ARGREEMENT shall not void or affect <br />the validity of any other provision of this AGREEMENT. Whenever possible, each provision of <br />this AGREEMENT shall be interpreted in such manner as to be effective and valid under <br />applicable law, but if any provision of this AGREEMENT is held to be prohibited by or invalid <br />under applicable law, such provision shall be ineffective only to the extent of such prohibition or <br />invalidity, without invalidating the remainder of such provisions of this AGREEMENT. <br />23 <br />