Current through 2024-51, December 18, 2024
Section 214-5-11 - MEMORANDUM OF UNDERSTANDING FOR CERTAIN USES OF THE FUND1.Memorandum Required for Certain Priority Uses of the Fund. No monies may be distributed from the Fund to a voluntary organization for Priorities 1 or 3, or to a recognized lending institution for Priority 7, without the Agency first executing a Memorandum of Understanding (MOU) with the recipient voluntary organization or lending institution.2.Contents. The MOU must define the purpose(s) for which monies from the Fund are being transferred to the voluntary organization or lending institution, the process for requesting and fulfilling such a transfer, and how those funds will be administered. The MOU will include a requirement for the voluntary organization or lending institution to report to the Agency at least annually and/or at the close of recovery operations on clients served and funds expended. Unspent funds must be returned to the Agency.3.Review. The Agency will review all existing MOUs with voluntary organizations or lending institutions each year and revise, extend, reauthorize or terminate as the Agency deems appropriate.15- 214 C.M.R. ch. 5, § 11