| (A) If the audit report findings indicate action to
be taken related to the Grant Award funds expended by the Grant Recipient
or for the Grant Recipient's fiscal processes that may impact Grant
Award expenditures, the Institute and the Grant Recipient shall develop
a written plan and timeline to address identified deficiencies, including
any necessary Grant Contract amendments.
(B) The written plan shall be retained by the Institute
as part of the Grant Contract record.
(c) All required Grant Recipient reports and submissions
described in this section shall be made via an electronic grant portal
designated by the Institute, unless specifically directed to the contrary
in writing by the Institute.
(d) The Institute shall document the actions taken
to monitor Grant Award performance and expenditures, including the
review, approvals, and necessary remedial steps, if any.
(1) To the extent that the methods described in subsection
(b) of this section are applied to a sample of the Grant Recipients
or Grant Awards, then the Institute shall document the Grant Contracts
reviewed and the selection criteria for the sample reviewed.
(2) Records will be maintained in the electronic Grant
Management System as described in §703.4 of this chapter (relating
to Grants Management System).
(e) The Chief Compliance Officer shall be engaged in
the Institute's Grant Award monitoring activities and shall notify
the General Counsel and Oversight Committee if a Grant Recipient fails
to meaningfully comply with the Grant Contract reporting requirements
and deadlines, including Matching Funds requirements.
(f) The Chief Executive Officer shall report to the
Oversight Committee at least annually on the progress and continued
merit of each Grant Program funded by the Institute. The written report
shall also be included in the Annual Public Report. The report should
be presented to the Oversight Committee at the first meeting following
the publication of the Annual Public Report.
(g) The Institute may rely upon third parties to conduct
Grant Award monitoring services independently or in conjunction with
Institute staff.
(h) If a deadline set by this rule falls on a Saturday,
Sunday, or federal holiday as designated by the U.S. Office of Personnel
Management, the required filing may be submitted on the next business
day. The Institute will not consider a required filing delinquent
if the Grant Recipient complies with this subsection.
|
| Source Note: The provisions of this §703.21 adopted to be effective March 2, 2014, 39 TexReg 1386; amended to be effective September 17, 2014, 39 TexReg 7342; amended to be effective March 9, 2016, 41 TexReg 1694; amended to be effective June 12, 2016, 41 TexReg 4027; amended to be effective December 7, 2016, 41 TexReg 9527; amended to be effective June 7, 2018, 43 TexReg 3595; amended to be effective December 18, 2018, 43 TexReg 8123; amended to be effective March 14, 2019, 44 TexReg 1346; amended to be effective September 7, 2023, 48 TexReg 4863 |
