Common use of Period of Availability of Federal Funds Clause in Contracts

Period of Availability of Federal Funds. 1. Federal non-ARRA MCCA design and construction funds are available for a period of up to 5 years and must be obligated within 5 years from the execution date of the MCCA or within the period of funds availability specified in the agreement. 2. ARRA MCCA funds are available for obligation by Grantees through September 30, 2013 (NGR 5-1, Chapter 3, Paragraphs 3-7 and 3-8). 3. Within 90 days of final completion of the project (execution date of the NGB Form 593-R, Project Inspection Report, by the State and the USPFO), or upon termination of the MCCA, whichever comes earlier, the Grantee shall promptly deliver to NGB a full and final accounting liquidating all payments or reimbursements under the MCCA. Costs incurred for performance of the project which are not disclosed by the Grantee within 90 days of the final completion of the project shall not be eligible for reimbursement. This excludes costs reserved for unliquidated claims or undisbursed obligations arising from the Grantee’s performance of the MCCA; however, the Grantee shall provide a good faith estimate of the total amount of unliquidated claims and undisbursed obligations. At its sole discretion, NGB may extend the 90-day limit for good cause (NGR 5-1, Chapter 11). 4. An MCCA shall be executed by the USPFO and the TAG prior to any request for reimbursement or advance payment. However, pre-award costs may be authorized as provided in the MCCA (MCCA Article III, Section 305d).

Period of Availability of Federal Funds. 1. Federal non-ARRA MCCA design and construction funds are available for a period of up to 5 years and must be obligated within 5 years from the execution date of the MCCA or within the period of funds availability specified in the agreement. 2. ARRA MCCA funds are available for obligation by Grantees grantees through September 30, 2013 (NGR 5-1, Chapter 3, Paragraphs 3-7 and 3-8). 3. Within 90 days of final completion of the project (execution date of the NGB Form 593-R, Project Inspection Report, by the State and the USPFO), or upon termination of the MCCA, whichever comes earlier, the Grantee grantee shall promptly deliver to NGB a full and final accounting liquidating all payments or reimbursements under the MCCA. Costs incurred for performance of the project which are not disclosed by the Grantee grantee within 90 days of the final completion of the project shall not be eligible for reimbursement. This excludes costs reserved for unliquidated claims or undisbursed obligations arising from the Granteegrantee’s performance of the MCCA; however, the Grantee grantee shall provide a good faith estimate of the total amount of unliquidated claims and undisbursed obligations. At its sole discretion, NGB may extend the 90-day limit for good cause (NGR 5-1, Chapter 11). 4. An MCCA shall be executed by the USPFO and the TAG prior to any request for reimbursement or advance payment. However, pre-award costs may be authorized as provided in the MCCA (MCCA Article III, Section 305d).

Period of Availability of Federal Funds. 1. Federal non-ARRA MCCA design and construction funds are available for a period of up to 5 years and must be obligated within 5 years from the execution date of the MCCA or within the period of funds availability specified in the agreement. 2. ARRA MCCA funds are were available for obligation by Grantees grantees through September 30, 2013 (NGR 5-1, Chapter 3, Paragraphs 3-7 and 3-8). 3. Within 90 days of final completion of the project (execution date of the NGB Form 593-R, Project Inspection Report, by the State and the USPFO), or upon termination of the MCCA, whichever comes earlier, the Grantee grantee shall promptly deliver to NGB a full and final accounting liquidating all payments or reimbursements under the MCCA. Costs incurred for performance of the project which are not disclosed by the Grantee grantee within 90 days of the final completion of the project shall not be eligible for reimbursement. This excludes costs reserved for unliquidated claims or undisbursed obligations arising from the Granteegrantee’s performance of the MCCA; however, the Grantee grantee shall provide a good faith estimate of the total amount of unliquidated claims and undisbursed obligations. At its sole discretion, NGB may extend the 90-day limit for good cause (NGR 5-1, Chapter 11, Paragraph 11-10). 4. An MCCA shall be executed by the USPFO and the TAG prior to any request for reimbursement or advance payment. However, pre-award costs may be authorized as provided in the MCCA (MCCA Article III, Section 305d).