5 CA ADC § 20422


5 CCR s 20422

Cal. Admin. Code tit. 5, s 20422


CALIFORNIA CODE OF REGULATIONS
TITLE 5. EDUCATION
DIVISION 2. CALIFORNIA STATE LIBRARY
CHAPTER 2. CALIFORNIA LIBRARY CONSTRUCTION AND RENOVATION BOARD
ARTICLE 2. CALIFORNIA LIBRARY CONSTRUCTION AND RENOVATION PROGRAM
This database is current through 02/09/07, Register 2007, No. 6
s 20422. Audits and State Payments.


(a) Audit requirements. The State Librarian shall require a final fiscal
and program compliance audit of eligible project funds performed by an
independent Certified Public Accountant (CPA) utilizing Generally Accepted
Accounting Principles (GAAP), to be submitted to the State Librarian by
the grant recipient prior to release of the final ten percent of state
project funds.

(b) State payments.

(1) The State Librarian shall authorize state grant payments to the
grant recipient on a periodic reimbursement basis. Payments shall be
made no more frequently than on a monthly basis. Payment requests
shall state that the reimbursement request is being made only for
eligible project expenditures. Payment requests shall be submitted
with an original signature of the grant recipient's fiscal officer,
or that officer's designated agent, affixed to an original copy of
the payment request.


(2) The final state payment of ten percent shall be made when:


(A) all eligible project funds have been expended;


(B) the grant recipient certifies, by providing a compliance letter
from the local building official, that the building has been
completed in accordance with the approved plans and specifications,
including the installation of bookstacks, funded by state and local
matching funds;


(C) the grant recipient shows evidence of having recorded a "Notice
of Completion" for which the lien period has expired and for which
all outstanding liens have been settled;


(D) the grant recipient shows evidence of the building title having
been accepted by the grant recipient;


(E) the grant recipient provides evidence that the State's interest
in the building, and the land, if the land is owned by the grant
recipient, has been recorded in the title record (See section 20424
(c)); and


(F) the grant recipient submits a final audit which is acceptable
to the State Librarian (See section 20422(a)).

Note: Authority cited: Sections 19960, Education Code.
Reference: Sections 19957, 19958, 19962, 19963, 19965 and 19967
Education Code.

HISTORY

1. New section filed 10-31-90; operative 10-31-90 (Register 90, No. 50).

5 CCR s 20422, 5 CA ADC s 20422
1CAC

5 CA ADC s 20422

END OF DOCUMENT

 
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