Re-appropriation Sample Clauses

Re-appropriation. The parties hereto understand and agree that any state funds not expended by the end of the declared BIENNIUM, including the ten percent (10%) retainage as described in SPECIAL TERMS AND CONDITIONS, Section 20: REIMBURSEMENT, will lapse on that date unless specifically re-appropriated in an enacted Capital Budget. THE BOARD will make all necessary efforts to seek re-appropriation of funds into the declared BIENNIUM. If funds are so re-appropriated, THE BOARD’S obligation under the terms of this Contract shall be contingent upon the terms of such re-appropriation.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Re-appropriation. 9.1.1 In order to minimize the administrative burden associated with budget realignment requests, the Operator is allowed flexibility to re-appropriate budget items within at their yearly expenditure plans to match the changing circumstances of the project. In general, a formal realignment budget intimation to the Authority will occur with the condition that no re- appropriation is allowed for Management Fees, and Salary budget, whereas other budgetary re-appropriations may be allowed under the following terms. The proposed realignment budget shall be submitted by the Operator to the Independent Expert and the Independent Auditor warranting advice and endorsement. Proposed changes allowed via budget re- appropriations if applicable will then be informed to the Authority by the Independent Auditor. Notwithstanding the above the Authority reserves its full discretion to approve or disapprove the budgetary Re-appropriations proposed by the Independent Auditor on behalf of the Operator. The Budgetary realignment can be proposed by the Operator on yearly and quarterly basis subject to the condition that the Project Cost and yearly limit shall remain the same as submitted in the financial bid accepted by the Authority.
Sample 1Sample 2
Re-appropriation. 9.1.1 In order to minimize the administrative burden associated with budget realignment requests, the Operator is allowed flexibility to re-appropriate budget items within the Bid Price to match the changing circumstances of the project. In general, formal realignment budget intimation to the Authority will occur with the condition that no re-appropriation is allowed for Management Fees, and soft costs, whereas other budgetary re-appropriations may be allowed under the following terms:
Sample 1

Related to Re-appropriation

  • Non-Appropriation If this Agreement extends into more than one fiscal year of the State (July 1 to June 30), and if appropriations are insufficient to support this Agreement, the State may cancel at the end of the fiscal year, or otherwise upon the expiration of existing appropriation authority. In the case that this Agreement is a Grant that is funded in whole or in part by Federal funds, and in the event Federal funds become unavailable or reduced, the State may suspend or cancel this Grant immediately, and the State shall have no obligation to pay Subrecipient from State revenues.

  • Appropriations Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may:

  • Annual Appropriation Pursuant to section 287.0582, F.S., if the Contract binds the State of Florida or an agency for the purchase of services or tangible personal property for a period in excess of one fiscal year, the State of Florida’s performance and obligation to pay under the Contract is contingent upon an annual appropriation by the Legislature.

  • Authorization of appropriations For the purpose of carrying out this section, there are authorized to be appropriated such sums as may be necessary. (Pub. L. 108–282, title II, § 207, Aug. 2, 2004, 118 Stat. 910.)

  • Nonappropriation Agency’s obligation to pay any amounts and otherwise perform its duties under this Grant is conditioned upon Agency receiving funding, appropriations, limitations, allotments, or other expenditure authority sufficient to allow Agency, in the exercise of its reasonable administrative discretion, to meet its obligations under this Grant. Nothing in this Grant may be construed as permitting any violation of Article XI, Section 7 of the Oregon Constitution or any other law limiting the activities, liabilities or monetary obligations of Agency.

Time is Money Join Law Insider Premium to draft better contracts faster.