MULTI-YEAR FUNDING Clause Samples
The Multi-Year Funding clause establishes the terms under which financial commitments are made for more than one fiscal year. Typically, this clause outlines how funding will be allocated and disbursed across multiple years, often subject to annual budget approvals or continued appropriations. For example, it may specify that payments are contingent on future legislative funding or that either party can adjust obligations if funding is reduced. Its core function is to provide a framework for long-term financial arrangements while addressing the uncertainty of future budget approvals, thereby protecting both parties from unforeseen funding shortfalls.
POPULAR SAMPLE Copied 2 times
MULTI-YEAR FUNDING. There is a maximum of up to $4,500,000 available to fund the agreement. This is an hourly rate plus cost reimbursement contract with a ceiling on the total contract amount. Funding for this Agreement is from Cost of Implementation Account funds, including $1,500,000 from FY 2018-2019, $1,500,000 from FY 2019-2020 and $1,500,000 from FY 2020-2021. Funding for FY 2018-2019, expires on June 30, 2021. To make payments from FY 2018-2019 funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by April 30, 2021. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after April 30, 2021. Funding for FY 2019-2020, expires on June 30, 2022. To make payments from FY 2019-2020 funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by April 30, 2022. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after April 30, 2022. Funding for FY 2020-2021, expires on June 30, 2023. To make payments from FY 2020-2021 funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by April 30, 2023. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after April 30, 2023 The agreement terminates on December 31, 2021.
MULTI-YEAR FUNDING. There is a maximum of up to $1,500,000 available to fund the Agreement. This is an hourly rate plus cost reimbursement contract with a ceiling on the total contract amount. Funding for this Agreement includes $1,500,000 from FY 2021-2022, in its entirety. Funding for FY 2021-2022 expires on June 30, 2026. To make payments from FY 2021- 2022 funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by April 30, 2026. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after April 30, 2026.
MULTI-YEAR FUNDING. Funding for this Agreement is from three fiscal years (FY), $1,000,000 from FY 2020/2021, $750,000 from FY 2021/2022, and $750,000 from FY 2022/2023. Funding for FY 2020/2021 expires on June 30, 2023. To make payments from FY 2020/2021 funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by March 30, 2023. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after March 30, 2023.
MULTI-YEAR FUNDING. Funding for this Agreement is from three fiscal years (FY), $__ from FY ___ and $___ from FY ___. Funding for FY___, expires on____. To make payments from FY ___ funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by____. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after____. Budget detail is contained in the Attachments to this Exhibit.
MULTI-YEAR FUNDING. The construction phase of projects that are large scale, involve multiple phases, have a construction time line of one year or longer, or are requesting a significant amount of assistance funding in relation to the total assistance available for the county where the project is located, will be reviewed and approved by the District Board for a multiple year period subject to budgeting and allocation pursuant to the provisions of Chapter 200, F.S. The determination by the Board to provide assistance funding on a multi-year basis can be made at any time during the application review process. All approved multi-year projects are limited to a maximum of two (2) additional funding requests.
MULTI-YEAR FUNDING. Funding for this Agreement is from two fiscal years (FY), $290,000 from FY 2012-13 and $300,000 from FY 2013-14. Funding for FY 2012-13, expires on June 30, 2015. To make payments from FY 2012-13 prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by April 30, 2015. The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after April 30, 2015. Pursuant to 20 California Code of Regulations section 2505(c)(2)(B), the Energy Commission designates the following as confidential. Commission Agreement Manager: ▇▇▇▇▇ ▇▇▇▇▇▇, MS- California Energy Commission ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone ▇▇▇-▇▇▇-▇▇▇▇ Fax # 916- e-mail: ▇▇▇▇▇.▇▇▇▇▇▇@▇▇▇▇▇▇.▇▇.▇▇▇ Contractor Project Manager: (Name) (Contractor Name) Address Phone: Fax: e-mail: Commission Agreement Officer: ▇▇▇▇ ▇▇▇▇, MS-18 California Energy Commission ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone: 916- ▇▇▇- ▇▇▇▇ Fax: ▇▇▇ ▇▇▇-▇▇▇▇ e-mail: ▇▇▇▇.▇▇▇▇@▇▇▇▇▇▇.▇▇.▇▇▇ Deliver confidential deliverables to this location only. Contractor Contract Administrator/Officer: (Name) (Contractor Name) Address Phone: Fax: e-mail: Invoices, Progress Reports and Non-Confidential Deliverables to: Accounting Office, MS-2 California Energy Commission ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Phone: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ e-mail: @▇▇▇▇▇▇.▇▇.▇▇▇
MULTI-YEAR FUNDING. Contract Officer to customize—use this term when the termination date is after the expiration date of the first year’s funding.
MULTI-YEAR FUNDING. Funding for this Agreement is from fiscal years (FY), $ from FY and $ from FY . Funding for FY , expires on . To make payments from FY funding prior to the expiration date, all Agreement services, products, deliverables and invoices using these funds must be received by the Energy Commission by . The Energy Commission does not warrant or guarantee that payment will be made for services, products or deliverables performed if invoices are received after . The Energy Commission reserves the right to reduce the contract amount to an amount deemed appropriate in the event the budgeted funds do not provide full funding of Energy Commission contracts. In this event, the contractor and the Energy Commission Contract Agreement Manager (CAM) shall meet and reach agreement on a reduced scope of work commensurate with the level of available funding.
MULTI-YEAR FUNDING. If Multi-Year Funding is specified for this project, the Design-Build Firm shall not execute any work on the project that exceeds the current year’s appropriation. The Owner will not be responsible for any amounts that exceed this amount (being the lesser of the contract amount or annual appropriated budget as provided in writing to the Design-Build Firm from Owner via a purchase order) should additional funding not be approved. If DESIGN-BUILD FIRM is required to stop work due to an OWNER lack of funding, DESIGN-BUILD FIRM shall be entitled to a Change Order for all additional cost and time resulting from such work stoppage, including but not limited to demobilization cost, remobilization costs, additional general conditions costs, price escalation and any other costs resulting from such work stoppage. Such Change Order shall be properly executed by OWNER prior to DESIGN-BUILD FIRM’s obligation to resume work.
MULTI-YEAR FUNDING. If Multi-Year Funding is specified for this project, the Owner shall advise the Design-Build Firm of the proposed funding amounts per year and the amount currently appropriated. The Owner shall advise the Design-Build Firm upon any changes in the funding appropriations. If DESIGN-BUILD FIRM is required to stop work due to an OWNER lack of funding, DESIGN-BUILD FIRM shall be entitled to a Change Order for all additional cost and time resulting from such work stoppage, including but not limited to demobilization cost, remobilization costs, additional general conditions costs, price escalation and any other costs resulting from such a work stoppage. Such Change Order shall be properly executed by OWNER prior to DESIGN-BUILD FIRM’s obligation to resume work.