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C. It must contain a provision stating that the Use Contract is being entered into in order to carry out a specific governmental purpose, and must delineate such governmental purpose. D. It must be for a term, including any renewals that are solely at the option of the Usee, that is, if applicable, substantially less than the useful life of the structures and improvements that make up the Facility, if any, but may allow for renewals beyond the original term upon a determination by the Public Entity that the use continues to carry out a specific governmental purpose and must delineate such governmental purpose. A terra that is equal to or shorter than 50% of the useful life of the structures and improvements that make up the Facility, if any, will meet the requirement that it be for a time period that is substantially shorter than the useful life of such structures and improvements. If there is no Facility, Then the term must not exceed 20 years. E. It must contain a provision that will provide for oversight by the Public Entity. Such oversight may be accomplished by way of a provision that will require the Usee to provide to the Public Entity; (i) an initial program evaluation report, and (ii) a program budget, at least annually, showing forecast program revenues and expenses for the next fiscal year. F. It must allow for termination by the Public Entity in the event of a default thereunder by the Usee, or in the event that the governmental purpose delineated in the Use Contract is terminated or changed. M G. It must require the Usee to pay all costs of operation and maintenance of the Real Property and, if applicable, the Facility, unless the Public Entity is authorized by law to pay such costs and agrees to pay such costs. H. If any funds are to be paid to the Public Entity under the Use Contract, then it must contain a provision requiring that each and every party thereto shall, upon direction by the Commissioner of Finance, take such actions and furnish such documents to the Commissioner of Finance as the commissioner determines to be necessary to ensure that the interest to be paid on the G.O. Bonds is exempt from federal income taxation. I. It must be approved, in writing, by both the State Entity and the Commissioner of Finance, and any Use Contract that is not approved, in writing, by both the State Entity and the Commissioner of Finance shall be null and void and of no force or effect. J. If the amount of the Grant exceeds $200,000.00, then it must contain a provision requiring the Usee to list any vacant or new positions it may have with job services of the Commissioner of Economic Security for the State of Minnesota or the local service units, as required by Minn. Stat. ~ 268.66 Subd. I, as such may subsequently be amended, modified or replaced from time to time, for the term of the Use Contract. Section 3.08 Receipt of Monies Under a Use Contract. If the Public Entity receives any monies under a Use Contract, then a portion of such funds in excess of the amount the Public Entity needs and is authorized to use to pay the operating expenses of the Real Property and, if Generic GO Grant A Bement 10 Ver - 7/30/03 8T for Pre-Design or Design Grants (Gnrc GO GA-PrDsgn Gmt)