Prohibited property purchases Clause Samples

Prohibited property purchases. The ELC may not expend funds appropriated for the SR Program, including matching funds, for the purchase, lease, or improvement of land; for the purchase, lease construction or permanent improvement of any building or facility; or for the purchase or lease of buses. The ELC may only expend funds for minor remodeling necessary for the administration of the program and upgrading of child care facilities to ensure that providers meet state and local child care standards, including applicable and governing health and safety requirements (See s. 1002.89(5), F.S.). Pursuant to s. 287.05805, F.S., ELCs shall include in its standard contract document/lease a requirement that any state funds provided for the purchase of or improvements to real property are contingent upon the contractor or political subdivision granting to the state a security interest in the property at least to the amount of state funds provided for at least five (5) years from the date of purchase or the completion of the improvements or as furthered by law.