(a) Advance payments will be made by the Department to recipients when the following conditions are met:
- (1) The recipient has demonstrated to the Secretary, initially through certification in a form prescribed by the Department and subsequently through performance, that procedures have been established to insure a maximum of three banking days time elapsing between the receipt of funds to it and its disbursement of such funds.
- (2) The recipient's financial management system meets the standards for fund control and accountability prescribed in Rule .0906 FINANCIAL MANAGEMENT SYSTEMS of this Subchapter.
- (3) No payment to the recipient from the Department shall be for an amount less than one hundred dollars ($100.00).
- (4) All requests for advance payments are required to meet immediate disbursing needs.
- (b) Recipients who do not meet or adhere to the conditions in Paragraph (a) of this Rule will not receive advance payments. Those recipients will receive grant payments on a reimbursement basis.
History Note: Authority G.S. 143B‑10; 143B‑431; 24 C.F.R. 570.489; 42 U.S.C.A. 5304(g);
Eff. July 1, 1982;
Amended Eff. March 1, 1995; June 1, 1993; September 1, 1990; April 1, 1989;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. March 6, 2018.