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13 Agreement
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13 Agreement
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Last modified
8/23/2012 8:36:29 AM
Creation date
4/27/2009 1:49:57 PM
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AGENDA
Item Number
13
AGENDA - Type
RESOLUTION
Description
13 Agreement
AGENDA - Date
4/27/2009
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the time of employment, is not laNvfully adtnitted for permanent residence to the United <br />States or authorized under law to be employed in that manner in the United States. If. <br />after receiving a public subsidy. Administrator, or a branch, division, or department of <br />Administrator is con\-icted of a violation under 8 U.S.C. § 1324(a)(f). Administrator shall <br />repay the amount of the public subsidy as stated under Section 3.13. of this Contract with <br />interest, at the rate of according to the other ternis provided by an agreement under Texas <br />Government Code §2264.053, not later than the 120`" day after the date the Department <br />notifies Administrator of the violation. In accordance with a previous agreement between <br />the Department and Administrator, Administrator acl:nowledges and agrees that if <br />Administrator, or branch, division, or department of Administrator is convicted of a <br />violation under 8 U.S.C. §1324(a)(f), Administrator shall repay the amount of the public <br />subsidy as stated under Section 3.13. of this Contract with interest, at an interest rate per <br />annum to be determined by the Department's Board of Directors at the time of award, not <br />later than the 120`h day after the date the Department notifies the Administrator of the <br />violation. <br />SECTI.ON 22. SPECIAL CONDITIONS <br />A. Department shall not release any disbursements for any costs incurred by Administrator <br />under this contract until Department has received certification from Administrator that its <br />fiscal control and fund accounting procedures are adequate to assure the proper disbursal <br />--O-~.at1d-aC~-ountln.gJnr,-fiulds-pxQy-td~ilucier-this_.contraci-D-epartment shall -spAari£y_-thi- <br />content and form of such certification. <br />B. A housing unit assisted with funds provided under this contract must meet the <br />affordability requirements of 24 C.F.R. §92.254(a) and (c) and 92.612(c). Administrator <br />is liable and agrees to repay an amount specified by Department for each housing unit <br />assisted with funds provided under this contract that fails to comply, or ceases to comply, <br />with the affordability requirements of this contract. If Administrator lends funds <br />provided under this contract to anyone, the resulting loan agreement, note, and mortgage <br />rnust provide that the affordability requirements must continue to be met throughout the <br />term of the loan and that the affordability requirements shall be binding upon the heirs, <br />successors, assignees, and transferees of Administrator. Department shall not release any <br />funds for any costs incurred by Administrator under this contract until Department has <br />received from Administrator an executed, legally enforceable agreement from each <br />homeowner containing remedies adequate to enforce the affordability requirements of 24 <br />C.F.R. §92.254, as applicable, with Administrator. Administrator shall record such <br />agreements in the real property recards of the county in which the housing unit is located <br />and return the original documents, duly certified as to recordation by the appropriate <br />county official, to Department. Receipt of such certified recorded original agreements by <br />Department is required prior to disbursement of any funds under this contract. <br />C. Upon termination of this contract, all funds remaining on hand on the date of termination, <br />and all accounts receivable attributable to the use of funds received under this contract <br />shall revert to Department. Administrator shall return these assets to Department within <br />seven (7) business days after the date of tennination. <br />HOME Contract 41000930 <br />Page 13 of 21 <br />M 000118 <br />
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