Common use of Budget Modifications Clause in Contracts

Budget Modifications. Modifications greater than 10 percent of any budget line item in the most recently approved budget (listed in 4.1(a) and 4.1(b) or incorporated in Exhibit B) requires prior written approval from the State and must be indicated on submitted reports. Failure to obtain prior written approval for modifications greater than 10 percent of any budget line item may result in denial of modification request and/or loss of funds. Modifications equal to or less than 10 percent of any budget line item are permitted without prior approval from the State provided that such modification is indicated on submitted reports and that the total obligation of the State for all compensation and reimbursements to the Grantee shall not exceed the total obligation listed in 4.1(b).

Budget Modifications. Modifications greater than 10 percent of any budget line item in the most recently approved budget (listed in 4.1(a) and 4.1(b) or incorporated in Exhibit BC, and Revised Exhibit C and Exhibit E) requires prior written approval from the State STATE and must be indicated on submitted reports. Failure to obtain prior written approval for modifications greater than 10 percent of any budget line item may result in denial of modification request and/or loss of funds. Modifications equal to or less than 10 percent of any budget line item are permitted without prior approval from the State STATE provided that such modification is indicated on submitted reports and that the total obligation of the State STATE for all compensation and reimbursements to the Grantee GRANTEE shall not exceed the total obligation listed in 4.1(b).

Budget Modifications. If you choose not to allow budget modifications, insert the following condition for budget modifications. If not applicable, please delete this entire paragraph. Modifications greater than 10 percent of any budget line item in the most recently approved budget (listed in 4.1(a) and 4.1(b) or incorporated in Exhibit B) requires prior written approval from the State STATE and must be indicated on submitted reports. Failure to obtain prior written approval for modifications greater than 10 percent of any budget line item may result in denial of modification request and/or loss of funds. Modifications equal to or less than 10 percent of any budget line item are permitted without prior approval from the State STATE provided that such modification is indicated on submitted reports and that the total obligation of the State STATE for all compensation and reimbursements to the Grantee GRANTEE shall not exceed the total obligation listed in 4.1(b).