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City of Eugene <br /> Secure Rural Schools <br /> Cooperative Agreement No. Ll2AC20472 <br /> Page 8 of 17 <br /> number. The remaining three characters will identify BLM funding line items. Drawdown of <br /> funds will be taken from specific: lines on this agreement. <br /> B. Advance Payments. Since payments under this agreement will be made by the United <br /> States Department of Treasury through the ASAP system within a 3 day period after request; <br /> there should be a minimal need for advance payments. <br /> • <br /> C. Drawdown. Treasur Circular 1075 (31 CFR 205) requires that drawdowns to a <br /> recipient organization shall be limited to the minimum anao .i,it., needed and shall be timed to be <br /> in accordance with the actual, inunediate cash requirements of the recipient organization in <br /> carrying out the purposes of the approved program or project. The timing and amount of cash <br /> advances shall be as close as administratively feasible to the actual disbursements by the <br /> recipient organization for direct program or project costs and the proportionate share of any <br /> allowable indirect costs. <br /> VII. PROPERTY MANAGEMENT <br /> Any BLM property used or other property acquired under this agreement, including <br /> intangible property such as copyrights and patents shall be governed by the provisions of 43 <br /> CFR, Subpart C, Section 12.7 through 12.73 for State, local and Indian tribal governments or 2 <br /> CFR 215.30 through 215.37 f;hr institutions of higher education., hospitals, other non - profit and <br /> all other organizations. Tools and equipment furnished by the BLM to the recipient shall be used <br /> for official purposes only, and shall be returned in the same condition received except for normal <br /> wear and tear in project use. <br /> VIII. LIABILITY <br /> The BLM assumes no liability for any actions or activities conducted under this agreement <br /> except to the extent that recourse or remedies are provided by Congress under the Federal Tort <br /> Claims Act [28 U.S.C. 1346(h j. 2401(b), 2671 - 2680, as amended by P.L. 89 -506, 80 Stat. <br /> 306] ". <br /> IX. REQUIRED INSURANCE <br /> A. The recipient shall, at its own expense, procure and thereafter maintain Automobile <br /> Liability Insurance. This insurance shall be required on the comprehensive form of policy and <br /> shall provide bodily injury liability and property damage liability covering the operation of all <br /> automobiles used in connection with the performance of the agreement. At least the minimum <br /> limits of $200,000 per person and $500,000 per occurrence for bodily injury and $20,000 per <br /> occurrence for property damage shall be required. <br /> B. The recipient shall maintain comprehensive liability insurance of not less than <br /> $3,000,000 per occurrence for bodily injury and property damage subject to the usual and <br /> customary policy conditions (including standard exclusion on vehicles licensed for highway use <br />