Common use of Funding Agreements Clause in Contracts

Funding Agreements. 137.40 What is a funding agreement? A funding agreement is a legally binding and mutually enforceable writ- ten agreement that identifies the PSFAs that the Self-Governance Tribe will carry out, the funds being trans- ferred from service unit, area and head- quarters levels in support of those PSFAs and such other terms as are re- quired or may be agreed upon pursuant to Title V. § 137.41 What PSFAs must be included in a funding agreement? At the Self-Governance Tribe’s op- tion, all PSFAs identified in and in ac- cordance with section 505(b) of the Act must be included in a funding agree- ment, subject to section 507(c) of the Act [25 U.S.C. 458aaa–6(c)]. § 137.42 What Tribal shares may be in- cluded in a funding agreement? All Tribal shares identified in sec- tions 505(b)(1) [25 U.S.C. 458aaa–4(b)(1)] and 508(c) of the Act [25 U.S.C. 458aaa– 7(c)] may be included in a funding agreement, including Tribal shares of IHS discretionary grants.