Deadline to Expend TRCC Funds; Requirement to Return Funds Sample Clauses

Deadline to Expend TRCC Funds; Requirement to Return Funds. The City shall expend all TRCC Funds received under this Agreement in accordance with Paragraph 2B above prior to December 31, 2016. If the City does not fully expend or is unable to fully expend the TRCC Funds prior to December 31, 2016, the City shall immediately return any remaining TRCC Funds to the County. Additionally, if the City uses any portion of the TRCC Funds for anything other than for the purposes identified in Paragraph 2B above, the City shall immediately pay to the County an amount equal to the amount of TRCC Funds contributed to the City under this Agreement (in this case, $20,000).
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Related to Deadline to Expend TRCC Funds; Requirement to Return Funds

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