Common use of Grant Funding Clause in Contracts

Grant Funding. Pursuant to Ind. Code ch. 8-23-30, the Grantee agrees to the following: A. It may use the State funds only for the Project described in Attachment A; B. If it uses the grant funds for any purpose other than construction of the Project as described in i. must immediately repay all grant funds provided to the State; and ii. may not participate in the grant program during the succeeding calendar year. C. It shall provide local matching funds equal to not less than 50% of the estimated project cost; D. Disbursement of grant funds will not be made until the Grantee's submission of an accepted/awarded Project Material Bid and/or an executed contract with the contractor; E. The State's participation in the Project is strictly limited to the grant funds awarded herein. The Grantee understands and agrees that the State is under no obligation to pay for or participate in any cost increases, change orders, cost overruns or additional Project expenses of any kind.

Grant Funding. Pursuant to Ind. Code ch. § 8-23-30, the Grantee agrees to the following: A. It may use the State funds only for the Project described in Attachment A; B. If it uses the grant funds for any purpose other than construction of the Project as described inin Attachment A, the Grantee: i. must immediately repay all grant funds provided to the State; and ii. may not participate in the grant program during the succeeding calendar year. C. It shall provide local matching funds equal to not less than 50% of the estimated project cost; D. Disbursement of grant funds will not be made until the Grantee's ’s submission of an accepted/awarded Project Material Bid and/or an executed contract with the contractor; E. The State's ’s participation in the Project is strictly limited to the grant funds awarded herein. The Grantee understands and agrees that the State is under no obligation to pay for or participate in any cost increases, change orders, cost overruns or additional Project expenses of any kind.

Grant Funding. Pursuant to Ind. Code ch. 8-23-30, the Grantee agrees to the following: A. It may use the State funds only for the Project described in Attachment A; B. If it uses the grant funds for any purpose other than construction of the Project as described inin Attachment A, the Grantee: i. must immediately repay all grant funds provided to the State; and ii. may not participate in the grant program during the succeeding calendar year. C. It shall provide local matching funds equal to not less than 50% of the estimated project cost; D. Disbursement of grant funds will not be made until the Grantee's submission of an accepted/awarded Project Material Bid and/or an executed contract with the contractor; E. The State's participation in the Project is strictly limited to the grant funds awarded herein. The Grantee understands and agrees that the State is under no obligation to pay for or participate in any cost increases, change orders, cost overruns or additional Project expenses of any kind.