Common use of Grant Agreements Clause in Contracts

Grant Agreements. ▇▇▇▇▇ agree- ments detail the working arrange- ments and applicable operating regula- tions between NRCS and the admin- istering agency. A written grant agree- ment identifying the parties involved, their responsibilities for carrying out the program, and the amount of pro- gram funds to be encumbered by NRCS is to be executed by the parties. This agreement is the fund obligating docu- ment. It also sets out the necessary working arrangements between parties for determining and allocating the ad- ministering agency’s costs. All grants to administering agencies are to be in accordance with OMB Circular No. A– 102, Department of the Treasury Cir- cular No. 1075, and Federal Manage- ment Circular No. 74–4. State or local administering agency grants will be funded under Letter-of-Credit serviced by the U.S. Treasury Regional Dis- bursing Office, or by NRCS approved advance/reimbursement financing ar- rangements subject to the terms and conditions of the grant agreement. (1) The grant agreement will provide for payment of cost-sharing for BMP (§ 634.5(j)) and administrative costs (§ 634.5(c)). (2) The grant agreement may provide for payment of technical assistance costs when the administering agency has the capability, and the NRCS des- ignates that agency to provide this as- sistance to RCWP participants. (3) The administering agency is to monitor the performance of activities supported by RCWP grant funds to as- sure that time schedules and partici- pant RCWP contract requirements are being met. Performance goals are to be measured against the terms of the grant agreement and program direc- tives. When NRCS determines that on- site technical inspections, certified completion data, and financial status reports do not provide adequate grant evaluation data, the following informa- tion may be requested: (i) A comparison of actual accom- plishments with the objectives estab- lished for the plan, (ii) Reasons why established objec- tives were not met, and (iii) Objectives established for the next reporting period. (4) Grant agreements may be amend- ed by mutural agreement of the parties to the agreement. NRCS may unilater- ally amend agreements when the sole consideration is a change in the cost and the Administrator, NRCS, based on NRCWCC recommendations, deter- mines that such an adjustment is nec- ▇▇▇▇▇▇ to carry out the program effi- ciently and effectively.