Common use of Retroactive Payments Clause in Contracts

Retroactive Payments. The State shall pay Pre-award Cost only if (1) the Federal Emergency Management Agency Notice of Award allows reimbursement for Pre-award Costs by a Grantee or Subrecipient from Federal Funds or Matching Funds, or (2) the Pre-award Costs have been specifically detailed in Grantee’s grant application, authorized by the State and incorporated in the Budget for the Work described in Exhibit A. Any such retroactive payments shall comply with State Fiscal Rules and grantee and any Subrecipient shall have complied with all federal laws, rules and regulations applicable to the Work before the State shall make such payments. Grantee shall initiate any retroactive payment request by submitting invoices to the State that set out Xxxxxxx’s compliance with the provisions of this Grant.

Appears in 4 contracts

Samples: State of Colorado Grant Agreement, State of Colorado Grant Agreement, State of Colorado Grant Agreement

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