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<br />15 Termination
<br />15.1 Termination by the State. The State may immediately terminate this grant contract with or without cause,
<br />upon 30 days' written notice to the Grantee. Upon termination, the Grantee will be entitled to payment,
<br />determined on a pro rata basis, for services satisfactorily performed.
<br />15.2 Termination for Cause. The State may immediately terminate this grant contract if the State finds that
<br />there has been a failure to comply with the provisions of this grant contract, that reasonable progress has
<br />not been made or that the purposes for which the funds were granted have not been or will not be
<br />fulfilled. The State may take action to protect the interests of the State of Minnesota, including the
<br />refusal to disburse additional funds and requiring the return of all or part of the funds already disbursed.
<br />16 Data Disclosure
<br />Under Minn. Stat. § 270C.65, Subd. 3, and other applicable law, the Grantee consents to disclosure of its social
<br />security number, federal employer tax identification number, and/or Minnesota tax identification number, already
<br />provided to the State, to federal and state tax agencies and state personnel involved in the payment of state
<br />obligations. These identification numbers may be used in the enforcement of federal and state tax laws which
<br />could result in action requiring the Grantee to file state tax returns and pay delinquent state tax liabilities, if any.
<br />17 Preservation of Tax Exempt Status
<br />In order to preserve the tax-exempt status of the G.O. Bonds, the Grantee agrees as follows:
<br />A. It will not use the Real Property or, if applicable, Facility, or use or invest the G.O. Grant or any
<br />other sums treated as "bond proceeds" under Section 148 of the Code including "investment proceeds," "invested
<br />sinking funds," and "replacement proceeds," in such a manner as to cause the G.O. Bonds to be classified as
<br />"arbitrage bonds" under Section 148 of the Code.
<br />B. It will, upon written request, provide the Commissioner of MMB all information required to satisfy
<br />the informational requirements set forth in the Code including, but not limited to, Sections 103 and 148 thereof,
<br />with respect to the G.O. Bonds.
<br />C. It will, upon the occurrence of any act or omission by the Grantee or any Counterparty that could
<br />cause the interest on the G.O. Bonds to no longer be tax exempt and upon direction from the Commissioner of
<br />MMB, take such actions and furnish such documents as the Commissioner of MMB determines to be necessary
<br />to ensure that the interest to be paid on the G.O. Bonds is exempt from federal taxation, which such action may
<br />include either: (i) compliance with proceedings intended to classify the G.O. Bonds as a "qualified bond" within
<br />the meaning of Section 141(e) of the Code, (ii) changing the nature or terms of the Use Contract so that it
<br />complies with Revenue Procedure 97-13, 1997-1 CB 632, or (iii) changing the nature of the use of the Real
<br />Property or, if applicable, Facility so that none of the net proceeds of the G.O. Bonds will be used, directly or
<br />indirectly, in an "unrelated trade or business" or for any "private business use" (within the meaning of Sections
<br />141(b) and 145(a) of the Code), or (iv) compliance with other Code provisions, regulations, or revenue
<br />procedures which amend or supersede the foregoing.
<br />D. It will not otherwise use any of the G.O. Grant, including earnings thereon, if any, or take or permit
<br />to or cause to be taken any action that would adversely affect the exemption from federal income taxation of the
<br />interest on the G.O. Bonds, nor omit to take any action necessary to maintain such tax exempt status, and if it
<br />should take, permit, omit to take, or cause to be taken, as appropriate, any such action, it shall take all lawful
<br />actions necessary to rescind or correct such actions or omissions promptly upon having knowledge thereof.
<br />18 Use of State Bond- Financed Property, Deed Restrictions, and Real Estate Declarations
<br />"Stale bond- financed property" means property acquired or bettered in whole or in part with the proceeds of state
<br />general obligation bonds authorized to be issued under article Xl, section 5, clause (a), of the Minnesota
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