Laserfiche WebLink
RCO: 24-1328 Revision Date: 1/31/2025 Page 21 of 22 <br />of specific performance shall not be the sole or exclusive remedy available to RCO. No remedy available to the RCO shall be <br />deemed exclusive. The RCO may elect to exercise any, a combination of, or all of the remedies available to it under this <br />Agreement, or under any provision of law, common law, or equity, including but not limited to seeking full or partial repayment <br />of the grant amount paid and damages. <br />TERMINATION AND SUSPENSION <br />The RCO requires strict compliance by the Sponsor with all the terms of this Agreement including, but not limited to, the <br />requirements of the applicable statutes, rules, and RCO policies, and with the representations of the Sponsor in its application <br />for a grant as finally approved by RCO. For federal awards, notification of termination will comply with 2 C.F.R. § 200 (as <br />updated). <br />A.For Cause. <br />1) The RCO director may suspend or terminate the obligation to provide funding to the Sponsor under this <br />Agreement: <br />a) If the Sponsor breaches any of the Sponsor's obligations under this Agreement; <br />b) If the Sponsor fails to make progress satisfactory to the RCO director toward completion of the <br />project by the completion date set out in this Agreement. Included in progress is adherence to <br />milestones and other defined deadlines; or <br />c) If the primary and secondary Sponsor(s) cannot mutually agree on the process and actions needed <br />to implement the project; <br />2) Prior to termination, the RCO shall notify the Sponsor in writing of the opportunity to cure. If corrective action <br />is not taken within 30 days or such other time period that the director approves in writing, the Agreement may <br />be terminated. In the event of termination, the Sponsor shall be liable for damages or other relief as <br />authorized by law and/or this Agreement. <br />3) RCO reserves the right to suspend all or part of the Agreement, withhold further payments, or prohibit the <br />Sponsor from incurring additional obligations of funds during the investigation of any alleged breach and <br />pending corrective action by the Sponsor, or a decision by the RCO to terminate the Contract. <br />B.For Convenience. Except as otherwise provided in this Agreement, RCO may, by ten (10) days written notice, <br />beginning on the second day after the mailing, terminate this Agreement, in whole or in part when it is in the best <br />interest of the state. If this Agreement is so terminated, RCO shall be liable only for payment required under the terms <br />of this Agreement prior to the effective date of termination. A claimed termination for cause shall be deemed to be a <br />"Termination for Convenience" if it is determined that: <br />1) The Sponsor was not in default; or <br />2) Failure to perform was outside Sponsor’s control, fault or negligence. <br />C.Rights and Remedies of the RCO. <br />1) The rights and remedies of RCO provided in this Agreement are not exclusive and are in addition to any <br />other rights and remedies provided by law. <br />2) In the event this Agreement is terminated by the director, after any portion of the grant amount has been paid <br />to the Sponsor under this Agreement due to Sponsor's breach of the Agreement or other violation of law, the <br />director may require that any amount paid be repaid to RCO for redeposit into the account from which the <br />funds were derived. However, any repayment shall be limited to the extent repayment would be inequitable <br />and represent a manifest injustice in circumstances where the project will fulfill its fundamental purpose for <br />substantially the entire period of performance and of long-term obligation. <br />D.Non Availability of Funds. The obligation of the RCO to make payments is contingent on the availability of state and <br />federal funds through legislative appropriation and state allotment. If amounts sufficient to fund the grant made under <br />this Agreement are not appropriated to RCO for expenditure for this Agreement in any biennial fiscal period, RCO <br />shall not be obligated to pay any remaining unpaid portion of this grant unless and until the necessary action by the <br />Legislature or the Office of Financial Management occurs. If RCO participation is suspended under this section for a <br />continuous period of one year, RCO’s obligation to provide any future funding under this Agreement shall terminate. <br />Termination of the Agreement under this section is not subject to appeal by the Sponsor. <br />1)Suspension: The obligation of the RCO to manage contract terms and make payments is contingent upon <br />the state appropriating state and federal funding each biennium. In the event the state is unable to <br />appropriate such funds by the first day of each new biennium RCO reserves the right to suspend the <br />Agreement, with ten (10) days written notice, until such time funds are appropriated. Suspension will mean