Current through Register Vol. 54, No. 7, April 4, 2022
recipient shall administer Trust loans, acquire property pursuant to the award
documents, and award contracts and subcontracts pursuant to those loans free
from bribery, graft, and other corrupt practices. The recipient bears the
primary responsibility for the prevention, detection, and cooperation in the
prosecution of any such conduct. The Trust shall also have the right to pursue
administrative or other legally available remedies.
(b) The recipient shall pursue available
judicial and administrative remedies and take appropriate remedial action with
respect to any allegations or evidence of such illegality or corrupt practices.
The recipient shall immediately notify the Trust when such allegation or
evidence comes to its attention, and shall periodically advise the Trust of the
status and ultimate disposition of any related matter.