Common use of Public Funds Clause in Contracts

Public Funds. Provider understands that funding for this Project may be derived from designated public funds. All requirements, restrictions and obligations regarding the use of public funds and contract awards are deemed incorporated in this Agreement to the extent necessary to ensure compliance with applicable law. Any alterations, additions, or deletions to the terms of the Agreement that are required by changes in law or regulation governing the use of public funds or contract awards are automatically incorporated in the Agreement without the necessity of a formal written amendment. Provider agrees to comply with all such requirements, restrictions and obligations and shall cause its subcontractors to comply with all such requirements, restrictions and obligations. If Provider fails to comply with applicable terms and conditions governing the use of public funds, the Trust may take appropriate action, including but not limited to, withholding or suspension, in whole or in part, of payments and the recovery of misspent funds following an audit. This provision is in addition to all other remedies available to the Trust under all applicable laws.

Appears in 5 contracts

Samples: Services Agreement, Services Agreement, Services Agreement

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