Common use of Managing the Grant Clause in Contracts

Managing the Grant. 6.1 Each party must notify the other of: a) the nominated person who will act as the party’s authorised representative; and b) the contact details of the authorised representative and any deputies. 6.2 The OPCC may ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 6.3 The Recipient must notify the OPCC as soon as reasonably practicable that an underspend is forecast. Any underspend of Grant funds cannot be carried over to the following financial year unless by agreement of the PCC. 6.4 If an overpayment of the Grant has been made, then the Recipient will notify the OPCC as soon as possible and return the overpayment to the OPCC. The Commissioner reserves the right to take legal action to recover the overpayment and costs. . 6.5 The Recipient may not transfer funds between this Grant and other grants made to it. 6.6 The Recipient’s Treasurer, Finance Officer, or equivalent will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Treasurer, Finance Officer, or equivalent should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams.