Common use of Project Period Clause in Contracts

Project Period. Funding has been authorized for eligible expenditures incurred on or after March 3, 2021 and obligated by December 31, 2024. The specific performance period for this grant is listed in the Federal Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) Program guidance. All expenditures must be incurred, and all services must be received within the performance period. DFA will not be obligated to fund expenses incurred after the performance period. For a cost to be considered to have been incurred, performance or delivery must occur during the covered period but payment funds need not be made during that period (though it is expected to take place within 90 days of a cost being incurred). By accepting the award, eligible grantees agree to the following: Determine that each project undertaken is an eligible use of SLFRF funding and responds to the COVID-19 public health emergency or its negative economic impacts; Perform the activities promised in the marketing plans submitted to DFA; Exercise proper stewardship of all federal funds; Comply with regulatory and programmatic requirements, as more fully discussed below; Report all required information to DFA. Program reports, cash reports, expenditure reports and performance reports will be required and will be specified in grant documents; Provide documentation substantiating appropriate expenditure of all advances received; Restrict the use of SLFRF award funds by not depositing SLFRF funds into a pension fund or using SLFRF funds to offset a reduction in net tax revenue resulting from the recipient’s change in law, regulation, or administrative interpretation; and Restrict the use of SLFRF award funds by not using SLFRF funds to service debt, satisfy a judgment or settlement, or contribute to a “rainy day” fund. The Coronavirus State and Local Fiscal Recovery Funds provide resources for governments to meet the public health and economic needs of those impacted by the pandemic in their communities, as well as address longstanding health and economic disparities, which amplified the impact of the pandemic in disproportionately impacted communities, resulting in more severe pandemic impacts. In general, to identify eligible uses of funds, recipients should (1) identify a COVID-19 public health or economic impact on an individual or class (i.e., a group) and (2) design a program that responds to that impact. Responses should be related and reasonably proportional to the harm identified and reasonably designed to benefit those impacted. However, note that the guidance maintains that general infrastructure projects, including roads, streets, and surface transportation infrastructure, would generally not be eligible under this eligible use category, unless the project responded to a specific pandemic public health need or a specific negative economic impact. Similarly, general economic development or workforce development – activities that do not respond to negative economic impacts of the pandemic but rather seek to more generally enhance the jurisdiction’s business climate – would generally not be eligible. The SLFRF Program statutes and related guidance provide additional guidance on the permissible use of grant funds and may be accessed through this link: SLFRF-Final-Rule-Overview.pdf (xxxxxxxx.xxx). Further guidance and FAQs for SLFRF funds can be found at SLFRF-Final-Rule-FAQ.pdf (xxxxxxxx.xxx). The grantee certifies compliance with these eligible expenses by executing the SLFRF Eligibility Certification Form in Exhibit A, which is attached hereto and incorporated for all purposes. The grantee is responsible for the integrity of the fiscal and programmatic management of the grant project; accountability for all funds awarded; and compliance with DFA administrative rules, policies and procedures, and applicable federal and state laws and regulations. The grantee will maintain an appropriate grant administration system to ensure that all terms, conditions and specifications of the grant are met. DFA and the grantee may agree to make adjustments to the grant. Adjustments include, but are not limited to, modifying the scope of the grant project, adding funds to previously un-awarded cost items or categories changing funds in any awarded cost items or category, de-obligating awarded funds or changing grant officials. The grantee has no right or entitlement to reimbursement with grant funds. Any alterations, additions, or deletions to the terms of this Grant Agreement must be documented in the grant management system (GMS) to be binding upon the Parties. Notwithstanding this requirement, it is understood and agreed by Parties hereto, that changes in local, state and federal rules, regulations or laws applicable hereto, may occur during the term of this Grant Agreement and that any such changes shall be automatically incorporated into this Grant Agreement without written amendment hereto, and shall become a part hereof as of the effective date of the rule, regulation or law. Notwithstanding any provision to the contrary contained herein, the grantee acknowledges that DFA is a component of the State of Mississippi and is subject to the Mississippi Public Records Act, Mississippi Code Section 25-61-1, et seq. The grantee acknowledges that DFA will comply with the Act as required. If a public records request is made for any information provided to DFA in connection with this Grant Agreement, DFA shall follow the provisions of Miss. Code Xxx. Section 25-61-1, et seq., and any other relevant provisions of state law in disclosing the requested information. The grantee acknowledges that information created or exchanged in connection with this Grant Agreement, including all reimbursement documentation submitted to DFA, is subject to the PIA, whether created or produced by the grantee or any third party, and the grantee agrees that information not otherwise excepted from disclosure under the PIA, will be available in a format that is accessible by the public at no additional charge to DFA or State of Mississippi. The grantee will cooperate with DFA in the production of documents or information responsive to a request for information.

Project Period. Funding has been authorized for eligible expenditures incurred on or after March 3, 2021 and obligated by December 31, 2024. The specific performance period for this grant is listed in the Federal Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) Program guidance. All expenditures must be incurred, and all services must be received within the performance period. DFA will not be obligated to fund expenses incurred after the performance period. For a cost to be considered to have been incurred, performance or delivery must occur during the covered period but payment funds need not be made during that period (though it is expected to take place within 90 days of a cost being incurred). By accepting the award, eligible grantees agree to the following: Determine that each project undertaken is an eligible use of SLFRF funding and responds to the COVID-19 public health emergency or its negative economic impacts; Perform the activities promised in the marketing plans submitted to DFA; Exercise proper stewardship of all federal funds; Comply with regulatory and programmatic requirements, as more fully discussed below; Report all required information to DFA. Program reports, cash reports, expenditure reports and performance reports will be required and will be specified in grant documents; Provide documentation substantiating appropriate expenditure of all advances receivedexpenditures; Restrict the use of SLFRF award funds by not depositing SLFRF funds into a pension fund or using SLFRF funds to offset a reduction in net tax revenue resulting from the recipient’s change in law, regulation, or administrative interpretation; and Restrict the use of SLFRF award funds by not using SLFRF funds to service debt, satisfy a judgment or settlement, or contribute to a “rainy day” fund. The Coronavirus State and Local Fiscal Recovery Funds provide resources for governments to meet the public health and economic needs of those impacted by the pandemic in their communities, as well as address longstanding health and economic disparities, which amplified the impact of the pandemic in disproportionately impacted communities, resulting in more severe pandemic impacts. In general, to identify eligible uses of funds, recipients should (1) identify a COVID-19 public health or economic impact on an individual or class (i.e., a group) and (2) design a program that responds to that impact. Responses should be related and reasonably proportional to the harm identified and reasonably designed to benefit those impacted. However, note that the guidance maintains that general infrastructure projects, including roads, streets, and surface transportation infrastructure, would generally not be eligible under this eligible use category, unless the project responded to a specific pandemic public health need or a specific negative economic impact. Similarly, general economic development or workforce development – activities that do not respond to negative economic impacts of the pandemic but rather seek to more generally enhance the jurisdiction’s business climate – would generally not be eligible. The SLFRF Program statutes and related guidance provide additional guidance on the permissible use of grant funds and may be accessed through this link: SLFRF-Final-Rule-Overview.pdf (xxxxxxxx.xxx). Further guidance and FAQs for SLFRF funds can be found at SLFRF-Final-Rule-FAQ.pdf (xxxxxxxx.xxx). The grantee certifies compliance with these eligible expenses by executing the SLFRF Eligibility Certification Form in Exhibit A, which is attached hereto and incorporated for all purposes. The grantee is responsible for the integrity of the fiscal and programmatic management of the grant project; accountability for all funds awarded; and compliance with DFA administrative rules, policies and procedures, and applicable federal and state laws and regulations. The grantee will maintain an appropriate grant administration system to ensure that all terms, conditions and specifications of the grant are met. DFA and the grantee may agree to make adjustments to the grant. Adjustments include, but are not limited to, modifying the scope of the grant project, adding funds to previously un-awarded cost items or categories changing funds in any awarded cost items or category, de-obligating awarded funds or changing grant officials. The grantee has no right or entitlement to reimbursement with grant funds. Any alterations, additions, or deletions to the terms of this Grant Agreement must be documented in the grant management system (GMS) to be binding upon the Parties. Notwithstanding this requirement, it is understood and agreed by Parties hereto, that changes in local, state and federal rules, regulations or laws applicable hereto, may occur during the term of this Grant Agreement and that any such changes shall be automatically incorporated into this Grant Agreement without written amendment hereto, and shall become a part hereof as of the effective date of the rule, regulation or law. Notwithstanding any provision to the contrary contained herein, the grantee acknowledges that DFA is a component of the State of Mississippi and is subject to the Mississippi Public Records Act, Mississippi Code Section 25-61-1, et seq. The grantee acknowledges that DFA will comply with the Act as required. If a public records request is made for any information provided to DFA in connection with this Grant Agreement, DFA shall follow the provisions of Miss. Code Xxx. Section 25-61-1, et seq., and any other relevant provisions of state law in disclosing the requested information. The grantee acknowledges that information created or exchanged in connection with this Grant Agreement, including all reimbursement documentation submitted to DFA, is subject to the PIA, whether created or produced by the grantee or any third party, and the grantee agrees that information not otherwise excepted from disclosure under the PIA, will be available in a format that is accessible by the public at no additional charge to DFA or State of Mississippi. The grantee will cooperate with DFA in the production of documents or information responsive to a request for information.