Common use of State Funds Requirements Clause in Contracts

State Funds Requirements. In the event an audit is required, if the Contractor is a state or local government entity, the Office of the State Auditor shall conduct the audit. Audits of non-profit organizations are to be conducted by a certified public accountant selected by the Contractor. The Contractor shall include the above audit requirements in any subcontracts. In any case, the Contractor’s records must be available for review by THE BOARD.

State Funds Requirements. In the event an audit is required, if the Contractor CONTRACTOR is a state or local government entity, the Office of the State Auditor shall conduct the audit. Audits of non-profit nonprofit organizations are to be conducted by a certified public accountant selected by the ContractorCONTRACTOR. The Contractor CONTRACTOR shall include the above audit requirements in any subcontracts. In any case, the ContractorCONTRACTOR’s records must be available for review by THE BOARDthe DEPARTMENT.