Rule 413-2-.09 - Statement of ConditionsIn addition to the certifications made on the face of the award statement, the recipient 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 Edge Fund monies.(2) Recipient's internally adopted procurement procedures meet applicable state requirements and will be adhered to and documentation shall be maintained to document such adherence.(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, then the project financed in part by Equity Fund monies shall only be leased or sold or administered as provided by Section 36-62-7 of the Official Code of Georgia Annotated, local constitutional amendment, local law passed by the legislature, or other general enabling legislation, as applicable.(5) The recipient 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 to the Authority copies of all audits that cover all or part of the grant period.(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 Edge Fund project.Ga. Comp. R. & Regs. R. 413-2-.09
O.C.G.A. Sec. 50-34et seq.
Original grant description entitled "Statement of Conditions" submitted November 1, 2000.