4.15. SR 07-06-2015 - Laserfiche WebLink

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ARTICLE III – FINANCIAL RECORDS, AUDITS AND REPORTS Section 3.1. Financial Recordkeeping. For all expenditures of funds made pursuant to this Agreement, the Grantee shall keep financial accounts and records in accordance with generally accepted government accounting principles including invoices, contracts, receipts, vouchers and other documents sufficient to evidence in proper detail the nature and propriety of the expenditures. Such accounts and records shall be accessible and available for a minimum of six years for examination by authorized representatives of: the Authority, the Department of Employment and Economic Development, the Legislative Auditor, and the State Auditor's Office. Section 3.2. Annual Financial Reports. The Grantee shall provide the Authority with an acceptable annual financial report conducted in accordance with Minnesota Statutes, Section 471.697 or 471.698, as appropriate, for the years in which the Grantee receives Grant funds from the Authority. All financial reports must be submitted within 30 days after completion of the financial report but no later than one year after the end of the financial report period. ARTICLE IV – GOVERNMENT DATA PRACTICES Section 4.1. General. The Grantee agrees with respect to any data that it possesses regarding the Grant or the Project, to comply with all of the provisions and restrictions contained in the Minnesota Government Data Practices Act contained in Chapter 13 of the Minnesota Statutes that exists as of the date of this Agreement and as such may subsequently be amended, modified or replaced from time to time. ARTICLE V - COMPLIANCE Section 5.1. General. Upon notification from the MPCA to the Authority that there has been a violation by the Grantee of MPCA statutes, rules, regulations, reporting requirement, approvals, certifications, or permit requirements, as amended or supplemented from time to time; or if the Authority determines that the Grantee is in default with any section of the Agreement, the Authority may exercise any remedies available at law or in equity. ARTICLE VI – DEFAULT AND REMEDIES Section 6.1. Defaults. The Grantee’s failure to fully comply with all of the provisions contained in this Agreement shall be an event of default hereunder. Section 6.2. Remedies. Upon an event of default, the Authority may exercise any one or more of the following remedies: (a) Refrain from disbursing the Grant; (b) Demand that all or any portion of the Grant already disbursed be repaid to it, and upon such demand the Grantee shall repay such amount to the Authority. (c) Enforce any additional remedies the Authority may have at law or in equity. Page 3 of 5 Point Source Implementation-con PSIG_Elk River_01 (5/15)June 30, 2015