Common use of Funding Obligation Clause in Contracts

Funding Obligation. A. The State Conservationist makes awards to eligible entities based on State ranking and funds available. After awards are made, the State Conservationist will work with the appropriate entities to finalize and sign the cooperative agreements, incorporating all necessary FRPP requirements. The cooperative agreements obligate the allocated funds. B. FRPP funds must be obligated by September 30 each fiscal year. Internal agency deadlines will require fund obligation by each State earlier in the fiscal year, usually by June 30. The obligation progress will be monitored by the NRCS NHQ and reallocation of funds will be made when necessary. States must obligate to the correct budget object class founds in section 519.70. [M_440_519_E - Amend. 74 - September 2010] Subpart G - Conservation Easements 519.60 Conservation Easement General Information A. Introduction (1) Parcels that are the Products of Cooperative Agreements Signed From FY 1996 Through FY 2005 To enroll in FRPP, a landowner must grant a conservation easement to a cooperating entity. The easement area will be maintained in accordance with FRPP purpose and goals for the term of the conservation easement, including protection of farm and ranch lands from conversion to nonagricultural uses, protection of historical or archaeological resources on agricultural land, or both. (2) Parcels that are the Products of Cooperative Agreements Signed From FY 2006 Through FY 2008 To enroll in FRPP, a landowner must grant a conservation easement to a cooperating entity and the United States. The easement area will be maintained in accordance with FRPP purpose and goals for the term of the conservation easement, including protection of farm and ranch lands from conversion to nonagricultural uses, protection of historical or archaeological resources on agricultural land, or both. (3) Parcels that are the Products of Cooperative Agreements Signed in FY 2009 and Subsequent Years To enroll in FRPP, a landowner must grant a conservation easement to a cooperating entity. The easement area will be maintained in accordance with FRPP purpose and goals for the term of the conservation easement, including protection of farm and ranch lands from conversion to nonagricultural uses, protection of historical or archaeological resources on agricultural land, or both.