Common use of Fiscal Funding Clause in Contracts

Fiscal Funding. This contract is subject to and conditioned upon the availability and appropriation of Federal and/or State funds; and no liability or obligation for payment will develop between the parties until the contract has been approved by required authorities of the Department; and, if contract exceeds $2,000, the Division of Administration, Office of State Procurement. The continuation of this contract is contingent upon the appropriation of funds from the legislature to fulfill the requirements of the contract. If the Legislature fails to appropriate sufficient monies to provide for the continuation of the contract, or if such appropriation is reduced by the veto of the Governor or by any means provided in the appropriations act to prevent the total appropriation for the year from exceeding revenues for that year, or for any other lawful purpose, and the effect of such reduction is to provide insufficient monies for the continuation of the contract, the contract shall terminate on the date of the beginning of the first fiscal year for which funds are not appropriated.

Fiscal Funding. This contract Contract is subject to and conditioned upon the availability and appropriation of Federal federal and/or State state funds; and no liability or obligation for payment will develop between the parties until the contract Contract has been approved by required authorities of the Department; and, if contract Contract exceeds $2,000, the Division of Administration, Office of State Procurement. The continuation of this contract Contract is contingent upon the appropriation of funds from the legislature Legislature to fulfill the requirements of the contract. If the Legislature fails to appropriate sufficient monies to provide for the continuation of the contract, or if such appropriation is reduced by the veto of the Governor or by any means provided in the appropriations act to prevent the total appropriation for the year from exceeding revenues for that year, or for any other lawful purpose, and the effect of such reduction is to provide insufficient monies for the continuation of the contract, the contract Contract shall terminate on the date of the beginning of the first fiscal year for which funds are not appropriated.