Common use of Re-appropriation Clause in Contracts

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.

Appears in 2 contracts

Samples: Capital Agreement, Capital Agreement

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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 2017: REIMBURSEMENT, will lapse on that date unless specifically re-re- appropriated in an enacted Capital Budget. THE BOARD The Board will make all necessary efforts to seek re-re- appropriation of funds into the declared BIENNIUM. If funds are so re-appropriated, THE BOARD’S the Board’s obligation under the terms of this Contract shall be contingent upon the terms of such re-re- appropriation.

Appears in 1 contract

Samples: Capital Agreement

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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-re- appropriated in an enacted Capital Budget. THE BOARD will make all necessary efforts to seek re-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-re- appropriation.

Appears in 1 contract

Samples: Capital Agreement

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