notice is not provided, the Commission may reduce payment failure to satisfy this requirement. Execution and Performance CD and Race shall determine a project start date after Race has obtained all permitting approvals. Should Race, or any contractor it retains, fail to commence work by the designated date, upon five days written notice to the Race, the Commission may terminate the grant. In the event that Race fails to complete the project in accordance with the terms of CPUC approval as set forth in this resolution, Race must reimburse some or all of the CASF funds that it has received. Race must complete all construction covered by the grant on or before the grant’s termination date. Performance Bond Because the matching funds for this project come in whole from an existing capital budget and Race operates under a CPCN, no performance bond is required under CASF rules. Price Commitment Period The minimum required price commitment period for broadband service to all households within the project area is two years. Race guarantees the price of service offered in the proposed project area for five years starting from the completion date of the entire proposed project. Project Audit The Commission has the right to conduct any necessary audit, verification, and discovery during project implementation/construction to ensure that CASF funds are spent in accordance with Commission approval. Race’s invoices will be subject to a financial audit by the Commission at any time within three years of completion of the work. Providing Voice Service Race will be required to adhere to all FCC requirements in regards to E-911 service and must provide equipment with battery backup. Reporting
notice is not provided, the Commission may reduce payment failure to satisfy this requirement. Execution and Performance CD and Race shall determine a project start date after Race has obtained all permitting approvals. Should Race, or any contractor it retains, fail to commence work by the designated date, upon five days written notice to the Race, the Commission may terminate the grant. In the event that Race fails to complete the project in accordance with the terms of CPUC approval as set forth in this resolution, Race must reimburse some or all of the CASF funds that it has received. Race must complete all construction covered by the grant on or before the grant’s termination date. Performance Bond Because the matching funds for this project come in whole from an existing capital budget and Race operates under a CPCN, no performance bond is required under CASF rules. Price Commitment Period The minimum required price commitment period for broadband service to all households within the project area is two years. Race guarantees the price of service offered in the proposed project area for five years starting from the completion date of the entire proposed project. Project Audit The Commission has the right to conduct any necessary audit, verification, and discovery during project implementation/construction to ensure that CASF funds are spent in accordance with Commission approval. Race’s invoices will be subject to a financial audit by the Commission at any time within three years of completion of the work. Providing Voice Service Race will be required to adhere to all FCC requirements in regards to E-911 service and must provide equipment with battery backup. Reporting
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