Common use of Availability of Funds for the Next Fiscal Year Clause in Contracts

Availability of Funds for the Next Fiscal Year. Funds may not be presently available for performance under this Contract beyond the first year of the budget term or Contract term. The State may reduce payments or terminate this Contract without further recourse, obligation or penalty in the event that insufficient funds are appropriated in the subsequent budget term. The State shall not be liable for any purchases or Subcontracts entered into by the Contractor in anticipation of such funding. The Procurement Officer shall have the discretion in determining the availability of funds.

Availability of Funds for the Next Fiscal Year. Funds may not presently be presently available for performance under this Contract beyond the first year current fiscal year. No legal liability on the part of the budget term or Contract term. The State for any payment may reduce payments or terminate arise under this Contract without further recourse, obligation or penalty in beyond the event that insufficient current fiscal year until funds are appropriated in the subsequent budget termmade available for performance of this Contract. The State shall not be liable for any purchases or Subcontracts entered into by the Contractor in anticipation of make reasonable efforts to secure such funding. The Procurement Officer shall have the discretion in determining the availability of funds.