28-92 Water-rescue training & Boater safety education

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7. Funds for the STATE's obligation for this PROGRAH shall be released to the GRANTEE after the execution, of an Agreement between the STATE and the GRANTEE. No money will be made available prior to the full execution of this Agreement. The GRANTE~sha11 nc make expenditures for items pertaining to this education grant until notified by the STATE to proceed. The STATE shall not be responsible for any cost incurred by the ~RANTEE prior to'the ~RANTEE being notified to proceed. 8. The GRANTEE agrees to submit a complete and accurate accounting of expenditures under this Agreement to the D/v/sion of Vatercraft within 30 days after completion of the boating education PROGRAH. If any portion of the grant, as above specified, remains unexpended at the completion of the PROGRAH, or if an audit discloses an unauthorized expenditure of STATE funds, said balance shall be returned i~mediately by the GRANTEE to the STATE for redeposit in the Waterways Safety Fund. 9. Termination of the PROGRA~ before its completion as originally proposed by the GRARTEE entitles the STATE to reimbursement of the STATE's contribution at a prorated amount for non-expendable boating equipment and supplies purchased under this Agreement. This prorated amount depends on the duration of the P~OGR~w as outlined in Exhibit A and the life span of the equipment as outlined in Exhibit C. This would include the return, of any boats and equipment not being used in an ongoing boatin~ safety education program. 10. The STATE reserves the right to approve scripts, personnel, and all other program or project related parameters. In addition, the STATE may use all artwork, photography, texts, or other materials and ideas developed in association with the grant~ All non-expendable equipment items (projectors, boats, etc.) purchased with grant monies remain the property of the STATE for a time period not' to exceed the reasonable life expectancy of the equipment as outlined in Exhibit C. An~ equipment purchased must be dedicated to a continuing program of boating safety education and will remain in the care of the GRANTEE. All equipment purchased for the PROGR~W has an agreed upon life expectancy as outlined in Exhibit C. During this life span, the GRANTEE shall not sell, change, or alter the intended use of this equipment. Should any equipment purchased by the STATE for this PROGRAM be lost, stolen, or destroyed during its agreed upon life span, the GRANTEE shall be responsible for its replacement. 11. Insurance coverage on equipment purchased through this ~rant i.s mandatory. Th, GRANTEE must provide proof of this insurance to the STATE. The STATE must be notifi~ by the Insurance Company in writing 60 days prior to the termination of any coverage. AGREEMENT: PAGE 2