Common Contracts
1 similar Closeout Agreement contracts
Closeout Agreement, Program Income And Designating And Nonprofit Community Development Organization (NCDO)Closeout Agreement • April 25th, 2005
When a funded project involves a loan (or loans) to a nonprofit or for-profit entity and loan repayments are returned to the municipality, Attachment A of the Grant Agreement will include the requirement that the Grantee and the Agency execute a Closeout Agreement prior to receiving a Certificate of Program Completion. In the case where the funds are subgranted to a Nonprofit Community Development Organization (NCDO) to make a loan(s) and the loan repayments are returned to the NCDO, the NCDO is required to execute a Closeout Agreement prior to the municipality receiving a Certificate of Program Completion.
