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, <br /> Page 7 of <br /> 8. Bonding. The Grantee shall provide bonding against financial loss for <br /> every officer, director, agent or employee authorized to act on behalf of <br /> the Grantee in receiving or depositing funds into program accounts; or in <br /> issuing financial documents, checks or other instruments of payment for <br /> program costs, in the amount of �100,000 or the highest cash draw down <br /> planned during the grant period. Grantee shall keep documentation of <br /> insurance on file at Grantee' s place of business. <br /> 9. Signature Authority. Grantee, in keeping with the attached Authorized <br /> Signature Designation Form, shall designate persons with the authority to <br /> sign program reporting forms and other official documents. Should this <br /> designation change, the Grantee shall notify the Department within 10 <br /> days of the change. Grantee shall require the signature of one person on <br /> program reporting forms, and shall require two authorized persons to <br /> �o-sign any check or remittance disbursing grant funds. <br /> - 7 - <br />