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L <br /> 21. The following standards shall apply to real property under the <br /> • control of the Subrecipient that was acquired or improved, in whole <br /> or in part, using CDBG funds: <br /> a. The Subrecipient shall inform the Recipient at least thirty <br /> (30) days prior to any modification or change in the use of the <br /> real property from that planned at the time of acquisition or <br /> improvements including disposition. <br /> b. The Subrecipient shall reimburse the Recipient in an amount <br /> equal to the current fair market value (less any portion <br /> thereof attributable to expenditures of non-CDBG funds) of <br /> property acquired or improved with CDBG funds that is sold or <br /> transferred for a use which does not qualify under the CDBG <br /> regulations. Said reimbursement shall be provided to the <br /> Recipient at the time of sale or transfer of the property <br /> referenced herein. <br /> C. Any program income generated from the disposition or transfer <br /> of property prior to or subsequent to the close-out, change of <br /> status or termination of the Joint Cooperation Agreement <br /> between the Recipient and the Subrecipient shall be repaid to <br /> the Recipient at the time of disposition or transfer of the <br /> property. <br /> 22. The Subrecipient agrees to provide Recipient with an annual audit <br /> consistent with the Single Audit Act of 1984, (U.S. Public Law <br /> 98-502) and the implementing requirements of OMB Circular A-128, <br /> Audits of State and Local Governments, and, as applicable, OMB <br /> Circular A-110, Uniform Requirements for Grants to Universities, <br /> Hospitals and Non-Profit Organizations. <br /> a. The audit is to be provided to Recipient on July 1 of each year <br /> this Agreement is in effect and any findings of noncompliance <br /> affecting the use of CDBG funds shall be satisfied by Subrecip- <br /> ient within six (6) months of the provision date. <br /> b. The audit is not required, however, in those instances where <br /> less than $25,000 in assistance is received from all Federal <br /> sources in any one fiscal year. <br /> C. The audit may not be paid from CDBG funds. <br /> d. The Recipient reserves the right to recover, from non-CDBG <br /> sources, any CDBG expenses which are disallowed by the audit. <br /> 23. The Subrecipient shall comply with the applicable section of 24 CFR <br /> 570.200, particularly sections (b) (Special Policies Governing <br /> Facilities) ; (c) (Special Assessments) ;. (f) (Means of Carrying Out <br /> Eligible Activities) ; and (j) (Constitutional prohibitions Concern- <br /> ing Church/State Activities) . <br /> • <br /> 6 <br />