North Carolina General Statutes § 115C-64.8 Additional requirements for nonprofit organizations receiving dropout prevention grants

As a condition for release of grant funds to a grantee, the Committee shall require each grantee to enter into a contract that requires the grantee to be (i) subject to monitoring by the Committee, (ii) fidelity bonded unless the grant is for less than one hundred thousand dollars ($100,000), (iii) subject to audit oversight by the State Auditor, and (iv) subject to the requirements of Article 6, Part 3 of Chapter 143C of the General Statutes.  (2009-451, s. 7.13(e).)

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Last modified: March 23, 2014