Common use of Authority to Withhold Disbursements Pending Audit Clause in Contracts

Authority to Withhold Disbursements Pending Audit. Treasury may withhold the Disbursement of any successive one- third of the Allocated Funds pending the results of a financial audit. Treasury will notify the Participating State of its decision to withhold such Disbursement.

Appears in 4 contracts

Samples: Allocation Agreement, Allocation Agreement, Allocation Agreement

AutoNDA by SimpleDocs

Authority to Withhold Disbursements Pending Audit. Treasury may withhold the Disbursement of any successive one- third of the Allocated Funds pending the results of a financial audit. Treasury will notify the Participating State Municipalities of its decision to withhold such Disbursement.

Appears in 2 contracts

Samples: Allocation Agreement, Allocation Agreement

Authority to Withhold Disbursements Pending Audit. Treasury may withhold the any Disbursement of any successive one- third of the Allocated Funds pending the results of a financial audit. Treasury will notify the Participating State Jurisdiction of its decision to withhold such Disbursement.

Appears in 2 contracts

Samples: Allocation Agreement, Allocation Agreement

Authority to Withhold Disbursements Pending Audit. Treasury may withhold the Disbursement of any successive one- one-third of the Allocated Funds pending the results of a financial audit. Treasury will notify the Participating State Municipalities of its decision to withhold such Disbursement.

Appears in 1 contract

Samples: Allocation Agreement

AutoNDA by SimpleDocs

Authority to Withhold Disbursements Pending Audit. Treasury may withhold the Disbursement of any successive one- third of the Allocated Funds pending the results of a financial audit. Treasury will notify the Participating State Municipality of its decision to withhold such Disbursement.

Appears in 1 contract

Samples: Allocation Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.