RES 554 Draft 01 2006-2008 - Laserfiche WebLink

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WHEREAS, the HPHA intends to allocate $50,000 for the HCHA under this MOA to use for the purpose set forth in Act 237, 2007 Session Laws Hawaii ("SLH); NOW THEREFORE, be it resolved that the parties agree to the following: A. DUTIES and RESPONSIBILITIES OF HCHA 1. The HCHA shall oversee the administration of the funds received under this MOA and shall be solely responsible to ensure that matching funds and expenditures are encumbered for eligible costs and participants; 2. The HCHA shall abide by the requirements of the federal Housing Choice Voucher (Section 8), the FSS and Section 8 Homeownership Option Programs; 3. The HCHA shall provide a report of a written activity and financial report to the HPHA no later than ten (10) business days after the end of each quarter. The HPHA agrees to provide additional program information upon request by the HPHA, in response to inquiries by the State Legislature; 4. The HCHA agrees to meet or discuss program information, program outcomes, and barriers to achievement of outcomes, and any other issues as necessary on a quarterly basis. The HCHA shall be responsible to inform the HCHA in the event that it is unable to expend all funds prior to the end of the MOA; 5. The HCHA may subcontract any or all sums allocated under this MOA at its discretion. The HCHA shall provide the HPHA with written notice of any subcontracts; 6. The HCHA agrees that the HPHA may, at reasonable times and places, audit the books and records if the HCHA as it relates to the funds and activities provided under this MOA. The HCHA aggress that all books, files, and records shall be open to the HPHA, its auditors, the State Legislature or its designee(s) for the purpose of monitoring performance under this MOA;