North Central. Missouri College shall assume all responsibilities and functions as the local grant sub-recipient/fiscal agent. As such, they shall assume all liability connected with funds received under the Workforce Innovation and Opportunity Act. Further, they hereby agree to maintain adequate coverage for Directors and Officers Liability Insurance (Errors and Omissions) for the Workforce Development Board and its staff, bonding, general liability, and property insurance. The College agrees to repay any and all expenditures determined to be unallowable.
Appears in 2 contracts
Sources: Grant Recipient/Fiscal Agent Agreement, Grant Recipient/Fiscal Agent Agreement