Common use of Effective Date, Term of Agreement, and Deadlines Clause in Contracts

Effective Date, Term of Agreement, and Deadlines. A. This Agreement is effective upon approval by the Department, which is the date executed by all parties (such date, the “Effective Date”). B. This Agreement shall terminate on June 30, 2030. C. Except for predevelopment expenses for construction projects funded by PLHA and costs to develop and prepare the Plan and the PLHA application, no costs incurred more than one year prior to commitment by the Local government may be paid from PLHA funds. Reimbursement of expenses to prepare the Plan and the PLHA application are subject to the cap on administrative fees. D. Any Grant funds which have not been expended by the expenditure deadline shall be disencumbered and revert to the Department. The expenditure deadline is fifty-eight months from the date of the budget appropriation for each year of funds included in this Agreement.

Effective Date, Term of Agreement, and Deadlines. A. This Agreement is effective upon approval by the Department, which is the date executed by all parties (such date, the “Effective Date”). B. This Agreement shall terminate on June 30, 2030.. County of Xxxxx 20-PLHA-15105 C. Except for predevelopment expenses for construction projects funded by PLHA and costs to develop and prepare the Plan and the PLHA application, no costs incurred more than one year prior to commitment by the Local government may be paid from PLHA funds. Reimbursement of expenses to prepare the Plan and the PLHA application are subject to the cap on administrative fees. D. Any Grant funds which have not been expended by the expenditure deadline shall be disencumbered and revert to the Department. The expenditure deadline is fifty-eight months from the date of the budget appropriation for each year of funds included in this Agreement.