Common use of Methods of Disbursement Clause in Contracts

Methods of Disbursement. A. The Subrecipient will request payment from the City of that part of the funding amount stated in Paragraph 8 on a monthly basis for reimbursement payments during the course of the Project as the funds for the Project are expended. B. A request by the Subrecipient for monthly reimbursement payments on the Project shall be in a form and content as prescribed by DCD and shall be submitted to DCD for review and for a determination of eligibility for payment. Upon approval by DCD, submission of the request to the appropriate City offices and divisions for processing and payment will occur. Requests for payments shall be supported and documented as required by DCD on the basis of costs actually incurred by the Subrecipient on the Project during the period for which payment is requested. C. Expenditures under this agreement determined by the City or HUD to be ineligible for reimbursement or which are inadequately documented will be, upon written request, immediately refunded to the City by the Subrecipient. D. No requests for reimbursement or other payments under this agreement which are due to cost overruns of any kind on the Project(s) shall be approved, allowed or paid by the City unless the amount requested has been approved by a written amendment and authorized in accordance with the provisions of Paragraph 10.

Methods of Disbursement. A. The Subrecipient will request payment from the City of for that part of the funding amount stated in Paragraph 8 on a monthly basis for reimbursement payments during the course of the Project as the funds for the Project are expended. B. A request by the Subrecipient for monthly reimbursement payments on the Project shall be in a form and content as prescribed by DCD and shall be submitted to DCD for review and for a determination of eligibility for payment. Upon approval by DCD, submission of the request to the appropriate City offices and divisions for processing and payment will occur. Requests for payments shall be supported and documented as required by DCD on the basis of costs actually incurred by the Subrecipient on the Project during the period for which payment is requested. C. Expenditures under this agreement determined by the City or HUD to be ineligible for reimbursement or which are inadequately documented will be, upon written request, immediately refunded to the City by the Subrecipient. D. No requests for reimbursement or other payments under this agreement which are due to cost overruns of any kind on the Project(s) shall be approved, allowed or paid by the City unless the amount requested has been approved by a written amendment and authorized in accordance with the provisions of Paragraph 10.