Common use of Detailed Budget Clause in Contracts

Detailed Budget. (a) This Agreement does not commit the State of Michigan (State) or the Department of Licensing & Regulatory Affairs (XXXX) to approve requests for additional funds at any time. (b) If applicable, travel expenses will not be reimbursed at rates greater than the State Travel Rates, Attachment C, without the prior written consent of the Grant Administrator. (c) Attachment B is the Budget. The Grantee agrees that all funds shown in the Budget are to be spent as detailed in the Budget. Changes in the Budget of less than 15% of the total line item amount do not require prior written approval, but Grantee must provide notice to the Grant Administrator. Changes in the Budget equal to or greater than 15% of the total line item amount will be allowed only upon prior review and written approval by the Grant Administrator. A formal grant amendment must be signed by both the Grantor and Grantee.

Detailed Budget. (a) This Agreement does not commit the State of Michigan (State) or the Department of Licensing & Regulatory Affairs Labor and Economic Opportunity (XXXXXXX) to approve requests for additional funds at any time. (b) If applicable, travel expenses will not be reimbursed at rates greater than the State Travel Rates, Attachment C, without the prior written consent of the Grant Administrator. (c) Attachment B is the Budget. The Grantee agrees that all funds shown in the Budget are to be spent as detailed in the Budget. Changes in the Budget of less than 15% of the total line item amount do not require prior written approval, but Grantee must provide notice to the Grant Administrator. Changes in the Budget equal to or greater than 15% of the total line item amount will be allowed only upon prior review and written approval by the Grant Administrator. A formal grant amendment must be signed by both the Grantor and Grantee.