Okla. Admin. Code § 330:60-7-3

Current through Vol. 42, No. 4, November 1, 2024

Section 330:60-7-3 - Awardee responsibilities

(a) An Awardee under the OHTF Program shall be responsible to:

(1) Take all actions necessary to enforce the terms of the OHTF Documents against any private or public participant that fails to comply with applicable provisions of the OHTF Documents, or any subcontract or documents resulting from them, and to recover on behalf of OHFA, any liabilities that may arise as a result of a breach of the OHTF Documents by any participant. Nothing in this subsection shall restrict OHFA's right to independently enforce the terms of any OHTF Document or any subcontracts or documents resulting from it, or to recover any sums that may become due as the result of a breach of such document.

(2) Comply with all State Statutes, these OHTF rules, and any OHTF Documents that may be released by OHFA from time to time.

(3) Maintain records and accounts, including, but not limited to property, personnel, and financial records that properly document and account for all Funds. OHFA may require specific types and forms of records. All such records and accounts shall be made available upon request by OHFA for the purpose of inspection and use in carrying out its responsibilities for administration of the Funds.

(4) Retain all books, documents, papers, records, and other materials involving all activities and transactions related to the award of the OHTF Funds for at least three (3) years from the date of the end of the Term Affordability Period, or until any audit findings have been resolved, whichever is later. As often as deemed necessary by OHFA, shall permit OHFA to have full access to and the right to fully examine all such materials.

(5) Promptly return to OHFA, any Funds received under its OHTF Documents that are not obligated as of the final date of the OHTF Documents. Funds shall be obligated only if goods and services have been received as of the final date of the OHTF Document period.

(6) Comply with all applicable State requirements.

(b) OHFA may require a special narrative and/or financial reports in the forms and at such times as may be necessary or required by OHFA. Also OHFA may require audits pertaining to Awardee as necessary.

Okla. Admin. Code § 330:60-7-3

Added at 16 Ok Reg 2910, eff 7-12-99; Amended at 21 Ok Reg 2322, eff 8-1-04

Amended by Oklahoma Register, Volume 31, Issue 24, September 2, 2014, eff. 9/12/2014

Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017