DEPUTY DIRECTOR APPROVAL OF TRANSFER OF COST-SHARE Sample Clauses

DEPUTY DIRECTOR APPROVAL OF TRANSFER OF COST-SHARE. After Grant Agreement issuance, Districts may choose to work with the Department to determine if cost-share allocations should be transferred from one District to another District to maximize water quality improvements. Cost-share shall not be transferred between CB and OCB drainage allocations. Prior to a District Board taking formal action to either transfer cost-share allocation or to accept additional cost-share allocation, the Conservation District Coordinator(s) assigned to each District must authorize the transfer or acceptance of cost- share allocation. Recommended adjustments Adjustments in the cost-share allocations that are approved by the Conservation District Coordinator(s) and the District Boards shall be advanced by Department field personnel through the Division’s Central Office to the Deputy Director for consideration as District contract adjustments. A completed Transfer of Virginia Agricultural Best Management Practices Cost-Share Program (VACS) Allocated Cost-Share Funds Form 199-225 (Form) from the affected Districts will be required to document their approval of the recommended transaction. The completed Form regarding reallocations/transfers shall be routed to the Comptroller to update the Department’s records. For amounts already distributed to Districts, funds shall be returned back to the Department, or deducted from the next quarterly FY23 FY24 disbursement(s), for redistribution to the approved receiving District (accordingly such funds shall not be directly sent between Districts). A proportional amount of Technical Assistance shall be transferred with the cost-share funds; however, cost-share funds may be voluntarily transferred between two Districts without a proportional amount of technical assistance funds if both the donor and recipient District Boards agree, by formally adopted motions, to such transfer. Such motions and all documentation required to execute the voluntary transfer of cost-share must be submitted to the Department prior to June 30, 2023 June 15, 2024. All transferred cost-share funds will be subject to the recipient District's ninety percent (90%) obligation requirement for their total VACS allocation as set out in Section 14 – Reallocation of cost-share funds. Aside from transfers of funds approved under this Section, no other movements of cost-share or technical assistance funding may occur between Districts.
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