Common use of Financial Requirements Clause in Contracts

Financial Requirements. The Grantee is required to submit to HUD audited annual financial statements that comply with the requirements of OMB Circular A-133. The Grantee shall establish control measures with the Owner to meet the Grantee’s financial requirements. The Owner agrees to the Grantee’s control measures.

Financial Requirements. (a) The Grantee is required to submit to HUD audited annual financial statements that comply with the requirements of OMB Circular A-133Super Circular. The Grantee shall establish control measures with the Owner to meet the Grantee’s financial requirements. The Owner agrees to the Grantee’s control measures.