34 Tex. Admin. Code § 16.210 - Financial Responsibility
(a) The grant
recipient is responsible for managing the day-to-day operations and activities
supported by the grant agreement and is accountable to the council for the
performance of the grant agreement, including the appropriate expenditure of
grant award funds and all other obligations of the grant recipient.
(b) The grant recipient must maintain a sound
financial management system that provides appropriate fiscal controls and
accounting procedures to ensure accurate preparation of reports required by the
grant agreement and adequate identification of the source and application of
grant funds awarded to the grant recipient.
Notes
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