Rule 413-7-1-.10 - Statement of ConditionsIn addition to the certifications made on the face of the award statement, the recipient of funds must further certify that:
(1) No applicable state laws, rules, regulations, or applicable local ordinances shall be violated in carrying out this project and expending BRIDGE Fund monies.(2) Recipient will adhere to applicable state and local procurement requirements and it will maintain documentation to confirm such adherence. For activities not applicable to state procurement requirements, recipient agrees to procure such services and activities through a fair and open competitive procurement process that is openly advertised through appropriate media and in compliance with any applicable local procurement laws or regulations.(3) Recipient's accounting records shall be maintained in a manner consistent with generally accepted government accounting standards.(4) If the Recipient is a development authority with powers set forth at Chapter 62 of Title 36 of the Official Code of Georgia Annotated, then the project financed in part by BRIDGE Fund monies shall only be leased or sold as provided by Section 36-62-7 of the Official Code of Georgia Annotated.(5) The recipient (in accordance with state law) shall undergo an annual financial audit conducted in accordance with government auditing standards established by the comptroller general of the United States. The recipient shall submit copies of all audits that cover all or part of the award period to the agency.(6) No real or apparent conflict of interest shall be engaged in by any person or party (or any person or party with whom they have family or business ties) who is involved in any aspect of the BRIDGE Fund project.Ga. Comp. R. & Regs. R. 413-7-1-.10
O.C.G.A. Sec. 50-34-1et seq.
Original grant description entitled "Statement of Conditions" submitted April 28, 2006.