Restriction of Funds. No funds received under this Agreement may be used to establish operating reserves nor to cover operating expenses incurred by the Grantee acting as a subrecipient or contractor under the HOME or CDBG programs as specified in HOME regulations 24 CFR 92.214 and 24 CFR 92.208. Total HOME funds received in a fiscal year for operating expenses, including housing education under 24 CFR 92.302 through this agreement or agreements with other HUD intermediaries, may not exceed 50% of Grantee’s total operating expenses for that fiscal year or $50,000, whichever is greater.
Restriction of Funds. Recipient will not have access to the contractual line item funds in the amount of $79,166,285 for Information Technology expenses until the conditions outlined under Parts A and B below (if applicable) have been met. Recipient only needs to address the conditions outlined in Part A for those contractual line item funds that are needed to implement or sustain the project for the duration of the cooperative agreement (e.g. start- up costs or non-System Development Life Cycle dependent costs). Recipient must address Parts A and B for all contractual line item costs directly linked to a specific Systems Development Life Cycle review (see Part B below). As part of any request to lift restrictions 3 Special Terms and Conditions include requirements specific to the program and to the named awardee. All special terms and conditions apply. on funding, Recipient must identify the nature of the contractual line item funds (i.e. start-up versus specific life cycle review). For additional guidance on the restriction of funds requirements, please contact your Grants Management Specialist, Xxxxxx Xxxxx, at Xxxxxx.Xxxxx@xxx.xxx.xxx, or your assigned Project Officer.
Restriction of Funds. The Recipient may not draw down $12,279,662 in funds for the contractual line item until the following information is provided for each contract, and prior approval is granted by CMS. Please review the Funding Opportunity Announcement (FOA), Appendix 3, “Preparing a Budget Request and Narrative in Response to SF424A” for further guidance on what is required to address the necessary information: • Name of Contractor • Method of selection • Period of performance • Scope of Work • Method of accountability • Itemized Budget and Budget Justification, including a breakdown of tasks and amount budgeted for each task. Recipient may also not drawdown funds for the following budget categories until Recipient fully itemizes and describe the costs below. All activities must include a justification and clear link to project goals. • Restrict travel $25,473 • Restrict other $335,000 • Restrict equipment $891,000
Restriction of Funds. The Recipient may not draw down funds in the amount of $6,027,516. The following amounts for the following budget lines are restricted until the required information is provided and prior approval is granted by CMS: $1,010 in SUPPLIES is restricted. $6,026,506 in CONTRACTUAL is restricted. The Recipient may not draw down funds for the contractual line item until the following information is provided for each contract, and prior approval is granted by CMS:
Restriction of Funds. Funds for years two and three of the project period in the amounts of $60,531,588 and $18,692,443, respectively, are restricted pending satisfactory progress on cooperative agreement activities after the first year of the project period. Provided satisfactory progress has been made, funds for the second year of the project period will be unrestricted. Funds for the third year of the project period will be unrestricted based on satisfactory progress in the prior years of the project period.
Restriction of Funds. Funds in the amount of $6,300,000 are restricted for the reinsurance entity contract pending a commitment from Maryland that the State will operate a transitional reinsurance program.
Restriction of Funds. The Recipient may not draw down $13,466,100.00 in total funds. Recipient may not drawdown $11,160,739.50 for the contractual line item until the following information is provided for each contract, and prior approval is granted by CMS. Please review the Funding Opportunity Announcement (FOA), Appendix 3, “Preparing a Budget Request and Narrative in Response to SF424A” for further guidance on what is required to address the necessary information: • Name of Contractor • Method of selection • Period of performance • Scope of Work • Method of accountability • Itemized Budget and Budget Justification, including a breakdown of tasks and amount budgeted for each task. Recipient may also not drawdown funds for the following budget categories until information is provided that resolves identified concerns. Personnel - $1,245,378.00 Fringe Benefits - $1,024,093.00 Travel - $15,889.50
Restriction of Funds. In carrying out activities related to establishment of a State-based Exchange, the State is required to carry out due diligence in assessing opportunities for reuse, sharing, and collaboration in Exchange activities. In particular, the State is required to identify opportunities for collaboration with other States and the Federally-facilitated Marketplace that might help reduce both development and long-term operating costs of their State-based Exchange.
Restriction of Funds. Recipient will not have access to the contractual line item funds in the amount of $14,002,805 for Information Technology expenses. In order to request a drawdown of the IT portion of the grant award for additional IT functionality, an IT consult should be held to ensure that the CMS Office of Information Services (OIS) provides feedback on updated artifacts which include but are not limited to release notes, IV&V attestation on the completion of specified functionality in the release, and a demonstration of the functionality is provided.
