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1 <br />2 9. In general, if the Grantee's program is not implemented within 60 days of the grant start date tthe <br />3 start date Is the date both parties sign the IIUD -1044 and this Craut Agreement), the Crrantee <br />4 must report in writing to the appropriate HUD field office of the steps taken to initiate the program, <br />5 resulting changes to the timetable, the reason for the delay, and the expected starting date. Any <br />6 timetable revisions as a result of the delay must be included for HUD approval, Renewal grantees are <br />7 not subject to this implementation requirement. however, renewal grantees must start drawing down <br />8 the 2015 funds within 30 days of the period of performance start date (see Article I, Number 4 <br />9 above), unless the grantee justifies in writing to the appropriate I -IUD field office the delay in <br />10 drawdown of funds. Also see Subarticle B, Number 3 below, NOTE; Failure to comply with this <br />11 requirement may result in termination of this agreement and recapture of grant funds. PLEASE <br />12 NOTE, All 2015 FSS grantees are considered renewal grantees, <br />13 <br />14 10. I .) may terminate funding if the Grantee demonstrates an unwillingness or inability to implctnent <br />15 and maintain the program; does not use procedures that will minimize the time elapsing between <br />16 drawdowns and disbursements of grant funds; does not adhere to agreement requirements or special <br />17 conditions; engages in the improper award or administration of grant subcontracts; does not subridt <br />18 required reports; or produces unacceptable deliverables. <br />19 <br />20 SUBARTICLE B: I+INANCIAL RESPONSIBILITIES <br />21 <br />22 1. Prior to initial drawdown of funds, all Grantees must have secured ouline access to the Internet as a <br />23 nreamts to communicate with I OD on grant matters. Applicants shall draw down funds using the <br />24 electronic Line of Credit Control System (e- LOCOS) <br />25 <br />26 2. As applicable, the Grantee agrees to comply with the organizational audit requirements of DMB at 2 <br />27 CFR Part 200 including audit requirements. The final audit report must cover the entire period of the <br />28 grant, The audit must be submitted to HUD no later than 30 days after the grant is closed, covering <br />29 the entire award period originally approved or amended. All other requirements of 2 CFR Part 200 <br />30 shall apply. For grantees where an audit is required, it single audit or a program- specific audit is <br />31 acceptable. If a grantee chooses a single audit, the final audit report that includes this grant is due no <br />32 later than 30 days after the single audit is completed. According to 2 CFR 200.501, grantees that <br />33 expend less than $7.50,000 ors federal awards are exemptfrom the audit requirement, but records "?east <br />34 be available for review or audit, <br />35 <br />36 3, The Grantee shall minimize the time clapsing between the transfer of funds from HUD and the <br />37 disbursement of Rinds. The HUD funds are to be made available based on actual need. The Grantee <br />38 must make a drawdown only for incurred costs. Drawdowns in excess of need may result in special <br />39 procedures for payments, or termination of the grant when there are persistent violations, Funds <br />40 requisitioned through LOCCS must be disbursed within three calendar days after receipt of funds <br />drawdown, _. _ <br />43 SUBARTICLE C: METHOD OF PAYMEN'r [FUNDS DRAWDOWN] <br />44 <br />45 1, The Grantee may not draw down grant funds until all pro-conditions listed in form IlUD -1044, this <br />46 Grant Agreement, the NOFA or in the award loner, art) completed by the grantee and verified by <br />47 HUD, <br />48 <br />• 11 <br />