RES 034 Draft 01 2012-2014 - Laserfiche WebLink

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ATTACHMENT NO. 1 (Continued) 10. All USDA Rural Development grant funds will be transferred to borrower via Electronic Funds Transfer/Automated Clearinghouse Systems (EFT/ACH). Normal transfers will be via EFT/ACH; with money being placed in Borrower's account two days after the USDA Rural Development processing office approves the request for reimbursement. The applicant must submit the Electronic Funds Transfer/Automated Clearinghouse Systems (EFT/ACH) Form containing the banking (ACH) information to the USDA Rural Development at least 30 days prior to the date of grant closing. Failure to do so could delay grant closing. 11. Any changes in funding sources following the obligation of the Community Facilities grant fund must be reported to USDA Rural Development. You must assure that all project funds are expended only for the eligible items included in the project budget of this letter of conditions or as amended by USDA Rural Development in writing at a later date. 12. The grantee understands that any property acquired or improved with Federal grant funds may have use and disposition conditions which apply to the property as provided by 7 CFR parts 3015, 3016, or 3019 in effect at this time and as may be subsequently modified. 13. The grantee further understands that any sale or transfer of property is subject to the interest of the United States Government in the market value in proportion to its participation in the project as provided by 7 CFR parts 3015, 3016, or 3019 in effect at this time and as may be subsequently modified. 14. The grantee must have the legal authority for the operation and maintenance of the facility. The grantee shall be responsible for operating,maintaining, and managing the facility, and providing for its continued availability and use at reasonable rates and terms. _ 15. The applicant is subject to a pre/post grant closing Civil Rights Cornphanceview by USDA Rural Development. This entails collecting and providing data on ethnicity, racer national origin,gender and any such records, accounts and other sources of information and facilities as may be pertinent to ascertaining by USDA Rural Development the recipient's compliance with the civil rights laws. 16. The grantee will be required to maintain adequate records and accounts and submit statistical and financial reports,in accordance with subsection 1942.17(q)of RD Instruction 194.2-A. 17. The grant will be closed in accordance with USDA Rural Development Instructions and this Letter of Conditions.