Common use of Business Practices Clause in Contracts

Business Practices. a) The GRANTEE BENEFICIARY must utilize financial procedures in accordance with generally accepted accounting procedures and Florida Statutes, including adequate supporting documents, to account for the use of the funds provided by the AGENCY. b) The GRANTEE BENEFICIARY must retain all records (programmatic, property, personnel, and financial) relating to this Agreement for five (5) years after final payment is made. c) All GRANTEE BENEFICIARY records relating to this Agreement are subject to audit by the federal government or its representatives, or the AGENCY and its representatives.

Appears in 24 contracts

Sources: Small Capital Purchase Grant Agreement, Small Capital Purchase Grant Agreement, Small Capital Purchase Grant Agreement

Business Practices. a) The GRANTEE BENEFICIARY must utilize financial procedures in accordance with generally accepted accounting procedures and Florida Statutes, including adequate supporting documents, to account for the use of the funds provided by the AGENCY. b) The GRANTEE BENEFICIARY must retain all records (programmatic, property, personnel, and financial) relating to this Agreement for five (5) years after final payment is made. c) All GRANTEE BENEFICIARY records relating to this Agreement are subject to audit by the federal government or its representatives, or the AGENCY and its representatives.

Appears in 3 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement