Proposed FUNDING Clause Samples
The "Proposed FUNDING" clause outlines the financial resources that are intended to be provided for a specific project or agreement. It typically details the amount of funding, the source of the funds, and the schedule or conditions under which the funds will be made available. For example, it may specify that a certain sum will be disbursed upon completion of project milestones or upon signing of the agreement. The core function of this clause is to ensure all parties have a clear understanding of the financial commitments involved, thereby reducing the risk of misunderstandings or disputes regarding funding.
Proposed FUNDING. Projected Budget (per year from CERES):
Proposed FUNDING. Anaheim Central Redevelopment Funds; public/private partnership; Capital Improvement Funds ▇▇▇▇▇▇▇ Branch Library Service Area: west end of West Anaheim Service Population: 65,000 Role: Community Library Current Facility: Built 1962; 7,484 sq. ft. Masterplan Strategic Goal: 24,000 sq. feetnew facility as part of Master plan for Status: In planning/design as element of Masterplan for Maxwell Park and revitalization of West Anaheim Proposed Funding: Proposition 14 Library Construction Bond State Grant; 35% local match from City. Euclid Branch Library Service Area: Resort Area and southeast West Anaheim Service Population: 64,408 Role: Community Library Current Facility: Built 1975; 10,273 sq ft Masterplan Strategic Goal: Expand library to 15,000 sq feet; upgrade for technology Status: Proposed for Capital Improvement Projects. Funding: No identified funding Sunkist Branch Library Service Area: East Anaheim Role: Community Library Service Population: ???? Current Facility: Built 1975; 10,573 sq. ft. Masterplan Strategic Goal: Expand library to 15,000 sq feet; upgrade for technology Status: Proposed for Capital Improvement Projects. Funding: No identified funding Canyon Hills Branch Library Service Area: Canyon/Hills Area Role: Community Library Service Population: 55,247 Current Facility: Built 1981; 18,000 sq. ft Masterplan Strategic Goal: Refurbish and renovate Status: Completing renovation and refurbishment of facility Funding: City General Fund
Proposed FUNDING. Applicant shall enter the proposed funding partners, the amount each partner proposes to contribute to the project, and the total funding available from partners. The applicant is also asked to provide the certainty of each partner’s contribution. Each proposed funding partner must complete Form 3DEP-D:
Proposed FUNDING. Provectus’ contemplated approach to funding of the proposed RBS-PDAT development plan would be spin-off a privately-held NewCo that is focused on developing RBS-PDAT treatment for ophthalmic diseases and disorders, and raise approximately $7,500,000 to $10,000,000 to undertake the above-described work. The balance of the fundraising above the contemplated $6,500,000 for development activities) could be allocated to NewCo overhead costs (e.g., set-up, staffing, legal, etc.). Provectus expects that a timeframe to raise this sum would be between nine and 12 months.