Okla. Admin. Code § 330:80-7-3

Current through Vol. 42, No. 8, January 2, 2025

Section 330:80-7-3 - Awardee responsibilities

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

(1) Comply with the terms of the OHSP Documents and shall have the responsibility to ensure that any subcontractors also perform their tasks in compliance with all of the OHSP documents and agreements. The Awardee shall ensure that all equipment suppliers or materialmen of any sort whatsoever shall install the items or equipment they contracted to provide and that said items or equipment is properly installed and works up to contractual requirements, or works as reasonably expected under the circumstances, and provide installation or labor up to contractual standards or as is reasonably expected under the circumstances.

(2) Comply with all State Statutes, these OHSP rules, and any OHSP 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 OHSP Funds for at least three (3) years from the date of substantial completion of any development awarded with OHSP funds, or until any audit findings have been resolved, whichever is later, if applicable. 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 OHSP Documents that are not obligated as of the final date of the OHSP Documents. Funds shall be obligated only if goods and services have been received as of the final date of the OHSP 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. OHFA may require audits pertaining to Awardee as necessary.

Okla. Admin. Code § 330:80-7-3

Adopted by Oklahoma Register, Volume 41, Issue 13, March 15, 2024, eff. 1/25/2024, exp. 9/14/2024 (Emergency)

Adopted by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024