Common use of Financial Controls Clause in Contracts

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying.

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. As stated in Section 52 herein, HCD has developed a Grant Administration Management Manual (“GMM” “GAM”) for CDBG-NDR funding and by executing this Agreement, Grantee commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. HCD has developed a Grant Administration Manual (“GAM”) for CDBG-NDR funding and by executing this Agreement, Grantee commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. HCD has developed a Grant Management Manual (“GMM”) for CDBG-NDR funding and by executing this Agreement, RCAC commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.