Common use of Grant Agreements Clause in Contracts

Grant Agreements. One of the following clauses shall govern expenditures for personal, professional or consulting services pursuant to grant contracts. If grant contract does not involve federal money, the following clause shall apply to this Agreement. “The Contractor shall cause to be performed, in accordance with auditing standards prescribed by the Controller of the Treasury of the State of Tennessee, an audit of all its program(s) funder by this contract; provided, however, that any contract for such audit shall be subject to prior approval of the Comptroller of the Treasury of the State of Tennessee, and must be submitted on the standard contract to audits accounts’ published by the Controller of the Treasury. The audit may include and be combined with an audit of other programs of the Contractor, and the existence of more than one contract between the Contractor and any agency of the State of Tennessee shall not necessitate more than one (1) audit of the Contractor’s programs to be performed every two (2) years.” If grant contract does involve federal money, the following clause shall apply to this Agreement: Within thirty (30) days following written request by the University, Contractor shall make available for inspection and/or audit any and all records related to its performance under this Agreement, which shall include any exceptions noted on the audit. Said records are subject to inspection and audit by representatives of the University and the Tennessee Comptroller of the Treasury or the Comptroller’s duly appointed representative during reasonable business hours throughout the term of this Agreement and for the three (3) years immediately following the University’s final payment, Contractor agrees to retain any and all records associated with this Agreement until such time as any disputes arising therefrom are resolved. All audits disallowances under this Agreement shall be the responsibility of the Contractor. Contractor acknowledges that it is aware of and agrees to comply with Office of Management and Budget (OMB) Circular A-133 or A-128 as appropriate. Contractor agrees to provide University with audit information attesting to the fact that Contractor’s records covering the period of this Agreement have been audited in accordance with OMB Circular A-133or A-128, whichever is appropriate. Contractor agrees to notify University in writing if at any time during the period of this Agreement it is no longer in compliance with Circular A-133 or A-128 as appropriate, or if there are audit findings that relate specifically to this Agreement. In case of such non-compliance or audit findings, Contractor will promptly provide University with its written plan for corrective action. Audit reports and notifications should be sent to: Tennessee State University ______________________ P. O. Box _________ Xxxxxxxxx, XX 00000 Attn:__________________

Grant Agreements. One of the following clauses shall govern expenditures for personal, professional or consulting services pursuant to grant contracts. If the grant contract does not involve federal money, the following clause shall apply to this Agreement. “The Contractor shall cause to be performed, in accordance with auditing standards prescribed by the Controller of the Treasury of the State of Tennessee, an audit of all its program(s) funder by this contractAgreement; provided, however, that any contract for such audit shall be subject to prior approval of the Comptroller of the Treasury of the State of Tennessee, and must be submitted on the standard contract to audits accounts’ published by the Controller of the Treasury. The audit may include and be combined with an audit of other programs of the Contractor, and the existence of more than one contract between the Contractor and any agency of the State of Tennessee shall not necessitate more than one (1) audit of the Contractor’s programs to be performed every two (2) years.” . If the grant contract does involve involves federal money, the following clause shall apply to this Agreement: Within thirty (30) days following written request by the UniversityInstitution, Contractor shall make available for inspection and/or audit any and all records related to its performance under this Agreement, which shall include any exceptions noted on the audit. Said records are subject to inspection and audit by representatives of the University Institution and the Tennessee Comptroller of the Treasury or the Comptroller’s duly appointed representative during reasonable business hours throughout the term of this Agreement and for the three (3) years immediately following the UniversityInstitution’s final payment, Contractor agrees to retain any and all records associated with this Agreement until such time as any disputes arising therefrom are resolved. All audits disallowances under this Agreement shall be the responsibility of the Contractor. Contractor acknowledges that it is aware of and agrees to comply with Office of Management and Budget (OMB) Circular A-133 or A-128 as appropriate. Contractor agrees to provide University Institution with audit information attesting to the fact that Contractor’s records covering the period of this Agreement have been audited in accordance with OMB Circular A-133or A-128, whichever is appropriate. Contractor agrees to notify University Institution in writing if at any time during the period of this Agreement it is no longer in compliance with Circular A-133 or A-128 as appropriate, or if there are audit findings that relate specifically to this Agreement. In case of such non-compliance or audit findings, Contractor will promptly provide University Institution with its written plan for corrective action. Audit reports and notifications should be sent to: Tennessee State University 0000 Xxxx Xxxxxxx Boulevard Nashville, TN 37209 Attn: ______________________ P. O. Box _________ Xxxxxxxxx, XX 00000 Attn:__________________

Grant Agreements. One of the following clauses shall govern expenditures for personal, professional or consulting services pursuant to grant contracts. If grant contract does not involve federal money, the following clause shall apply to this Agreement. “The Contractor shall cause to be performed, in accordance with auditing standards prescribed by the Controller of the Treasury of the State of Tennessee, an audit of all its program(s) funder by this contract; provided, however, that any contract for such audit shall be subject to prior approval of the Comptroller of the Treasury of the State of Tennessee, and must be submitted on the standard contract to audits accounts’ published by the Controller of the Treasury. The audit may include and be combined with an audit of other programs of the Contractor, and the existence of more than one contract between the Contractor and any agency of the State of Tennessee shall not necessitate more than one (1) audit of the Contractor’s programs to be performed every two (2) years.” . If grant contract does involve federal money, the following clause shall apply to this Agreement: Within thirty (30) days following written request by the University, Contractor shall make available for inspection and/or audit any and all records related to its performance under this Agreement, which shall include any exceptions noted on the audit. Said records are subject to inspection and audit by representatives of the University and the Tennessee Comptroller of the Treasury or the Comptroller’s duly appointed representative during reasonable business hours throughout the term of this Agreement and for the three (3) years immediately following the University’s final payment, Contractor agrees to retain any and all records associated with this Agreement until such time as any disputes arising therefrom are resolved. All audits disallowances under this Agreement shall be the responsibility of the Contractor. Contractor acknowledges that it is aware of and agrees to comply with Office of Management and Budget (OMB) Circular A-133 or A-128 as appropriate. Contractor agrees to provide University with audit information attesting to the fact that Contractor’s records covering the period of this Agreement have been audited in accordance with OMB Circular A-133or A-128, whichever is appropriate. Contractor agrees to notify University in writing if at any time during the period of this Agreement it is no longer in compliance with Circular A-133 or A-128 as appropriate, or if there are audit findings that relate specifically to this Agreement. In case of such non-compliance or audit findings, Contractor will promptly provide University with its written plan for corrective action. Audit reports and notifications should be sent to: Tennessee State University ______________________ P. O. Box _________ Xxxxxxxxx, XX 00000 Attn:__________________

Grant Agreements. One of the following clauses shall govern expenditures for personal, professional or consulting services pursuant to grant contracts. If grant contract does not involve federal money, the following clause shall apply to this Agreement. “The Contractor shall cause to be performed, in accordance with auditing standards prescribed by the Controller of the Treasury of the State of Tennessee, an audit of all its program(s) funder by this contract; provided, however, that any contract for such audit shall be subject to prior approval of the Comptroller of the Treasury of the State of Tennessee, and must be submitted on the standard contract to audits accounts’ published by the Controller of the Treasury. The audit may include and be combined with an audit of other programs of the Contractor, and the existence of more than one contract between the Contractor and any agency of the State of Tennessee shall not necessitate more than one (1) audit of the Contractor’s programs to be performed every two (2) years.” If grant contract does involve involves federal money, the following clause shall apply to this Agreement: Within thirty (30) days following written request by the University, Contractor shall make available for inspection and/or audit any and all records related to its performance under this Agreement, which shall include any exceptions noted on the audit. Said records are subject to inspection and audit by representatives of the University and the Tennessee Comptroller of the Treasury or the Comptroller’s duly appointed representative during reasonable business hours throughout the term of this Agreement and for the three (3) years immediately following the University’s final payment, Contractor agrees to retain any and all records associated with this Agreement until such time as any disputes arising therefrom are resolved. All audits disallowances under this Agreement shall be the responsibility of the Contractor. Contractor acknowledges that it is aware of and agrees to comply with Office of Management and Budget (OMB) Circular A-133 or A-128 as appropriate. Contractor agrees to provide University with audit information attesting to the fact that Contractor’s records covering the period of this Agreement have been audited in accordance with OMB Circular A-133or A-128, whichever is appropriate. Contractor agrees to notify University in writing if at any time during the period of this Agreement it is no longer in compliance with Circular A-133 or A-128 as appropriate, or if there are audit findings that relate specifically to this Agreement. In case of such non-compliance or audit findings, Contractor will promptly provide University with its written plan for corrective action. Audit reports and notifications should be sent to: Tennessee State University ______________________ P. O. Box _________ Xxxxxxxxx, XX 00000 Attn:__________________