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

Payment of Grant Funds and Method of Payment. A. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Hundred Eight Thousand Five Hundred Dollars ($ 408,500) 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 14 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. A. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Five Hundred Eight Sixty Three Thousand Five Hundred Dollars ($ 408,500$563,500.00) to be used for purchase of equipment, planning, exercises, organizational activities, and training as described in Section 202 above. Such The Grant amount Amount represents the amount allocated to Subrecipient in the FY 14 10 XXXX xxxxx budget as approved by the Grantoraward notice. 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. A. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four One Hundred Eight Thousand Five Hundred Dollars ($ 408,500$100,000.00) 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 14 13 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. A. The City of Los Angeles shall disburse to Subrecipient its allocated Grant amount of Four Two Hundred Twenty-Nine Thousand Nine Hundred Eight Thousand Five Hundred Dollars ($ 408,500$229,908.00) 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 14 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.