2  Funding Conditions

2.1  General

 
2.1.1  Funding Conditions apply to programmes for which an RSL has funding  from the Agency.

2.1.2  The Funding Conditions include a requirement that the RSL follows the HCA’s published criteria, procedures and audit arrangements set out in Capital Funding Guide for all scheme submissions, (re)forecasting milestones, scheme variations, use and recovery of Grant.

2.2  Acceptance of Funding Conditions

2.2.1  Every RSL with accepted Bids for a specific programme (e.g. the NAHP 08/11)  must formally accept the Funding Conditions that apply to that programme. This will require a Board decision and the RSL  must retain a minute of the Board’s decision on file for compliance audit purposes.

2.2.2  Funding Conditions can be signed off in IMS by the organisations Security Administrator or any other user with the 'Funding Conditions Sign Off' authority assigned to their security profile

2.2.3  The RSL will not be able to make a submission of any kind into PIMS until this confirmation has been made.

2.2.4  For the 2008/11 Funding Conditions, follow the asterisk.  

 

2.3  Consequences of Breaching Funding Conditions

2.3.1  The HCA may impose penalties including changes to the level of funding provided for a scheme or terminating the scheme if forecast milestones are not met.
 
2.3.2  In the event of the RSL failing to comply with these Funding Conditions or if there is any cause for serious concern about the RSL’s performance or financial viability, the Agency reserves the right to suspend funding.  This may trigger Grant Recovery.