3028 Risk Management

Georgia State Seal

Georgia Division of Aging Services
Administrative Manual

Chapter:

3000 Area Agency on Aging (AAA) Administration

Effective Date:

09/07/2023

Section Title:

Risk Management

Reviewed or Updated in:

MT 2024-01

Section Number:

3028

Previous Update:

MT 2014-02

Summary Statement

Any organization, including the Regional Commission/Area Agency on Aging (RC/AAA) and subcontractors, including both non-profit and for profit organizations, shall disclose to its grantor agency immediately if any of its assets or property are attached and/or if it is unable to pay its debts.

Requirements

Any organization, including the Regional Commission/Area Agency on Aging (RC/AAA) and subcontractors, including both non-profit and for-profit organizations, shall disclose to its grantor agency immediately if any of its assets or property are attached and/or if it is unable to pay its debts.

The RC/AAA will report disclosure of such status by a subcontractor to the Division of Aging Services (DAS) immediately.

The RC/AAA will terminate any contractual relations for cause if a subcontractor is adjudicated bankrupt; is subject to the appointment of a receiver and fails to have such receiver removed within 60 days; has any attachments to property/assets and fails to have such attachments removed within 60 days; and/or is unable to pay its debts as the same become due.

DAS may levy the same actions against an RC/AAA under the same circumstances.

Failure of any agency to immediately disclose such status will result in an immediate termination of the contract, upon grantor agency’s learning of the default or lack of fiscal viability.