Common Contracts
1 similar Subrecipient Agreement contracts
SUBRECIPIENT AGREEMENTSubrecipient Agreement • November 7th, 2020
The following statements and provisions are acknowledged and agreed upon by and between, , as subrecipient (the “Subrecipient”) of the Community Development Block Grant (“CDBG”) funds, and , as the grantee (the “Grantee”) and provider of such funds pursuant to a CDBG award, grant number , (the "Grant"), made by the South Carolina Department of Commerce, Grants Administration (“Grants Administration”) under provisions of Title I of the Housing and Urban Development Act of 1974, as amended ("the Act"). It is mutually agreed that no funds will be disbursed prior to the date of the execution of this Subrecipient Agreement (the “Agreement”). This Agreement will remain in effect as long as the Subrecipient has control over CDBG funds, including program income, or assets including real property acquired with funds dispersed under the Grant. Any modification or amendment to this Agreement must be approved by Grants Administration.
