Common use of Payment of Grant Funds and Method of Payment Clause in Contracts

Payment of Grant Funds and Method of Payment. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Hundred Fourteen Thousand, Four Hundred Fourteen Dollars ($414,414.00) to be used for purchase of equipment, planning, exercises, organizational activities, and training as described in Section 202 above. Such Grant amount represents the amount allocated to Subrecipient in the FY 11 XXXX xxxxx budget as approved by the Grantor. The disbursement of such funds shall be made on a reimbursement basis only. Subrecipient shall maintain procedures to minimize the time elapsing between the award of Grant Funds and the expenditure of funds to be reimbursed by such Grant Funds.

Payment of Grant Funds and Method of Payment. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four One Hundred Fourteen Thousand, Four Hundred Fourteen Thirty-Two Thousand Dollars ($414,414.00132,000.00) to be used for purchase of equipment, planning, exercises, organizational activities, and training as described in Section 202 above. Such Grant amount represents the amount allocated to Subrecipient in the FY 11 12 XXXX xxxxx budget as approved by the Grantor. The disbursement of such funds shall be made on a reimbursement basis only. Subrecipient shall maintain procedures to minimize the time elapsing between the award of Grant Funds and the expenditure of funds to be reimbursed by such Grant Funds.

Payment of Grant Funds and Method of Payment. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Two Hundred Fourteen Thousand, Four Twenty-Nine Thousand Nine Hundred Fourteen Eight Dollars ($414,414.00229,908.00) to be used for purchase of equipment, planning, exercises, organizational activities, and training as described in Section 202 above. Such Grant amount represents the amount allocated to Subrecipient in the FY 11 12 XXXX xxxxx budget as approved by the Grantor. The disbursement of such funds shall be made on a reimbursement basis only. Subrecipient shall maintain procedures to minimize the time elapsing between the award of Grant Funds and the expenditure of funds to be reimbursed by such Grant Funds.

Payment of Grant Funds and Method of Payment. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Three Hundred Fourteen Forty Thousand, Four Six Hundred Fourteen Thirty-Two Dollars ($414,414.00340,632.00) to be used for purchase of equipment, planning, exercises, organizational activities, and training as described in Section 202 above. Such Grant amount represents the amount allocated to Subrecipient in the FY 11 XXXX xxxxx budget as approved by the Grantor. The disbursement of such funds shall be made on a reimbursement basis only. Subrecipient shall maintain procedures to minimize the time elapsing between the award of Grant Funds and the expenditure of funds to be reimbursed by such Grant Funds.