Common use of SPONSOR BUDGETING, AGREEMENT APPROVAL AND RESOLUTIONS Clause in Contracts

SPONSOR BUDGETING, AGREEMENT APPROVAL AND RESOLUTIONS. The Sponsor resolution attests that the Sponsor’s legislative body has approved the project and authorized sufficient funding to first-instance the full amount of the federal and non-federally aided project costs. Sponsors will authorize project spending either in their budgets or by separate resolutions. Funding authorizations may proceed in accordance with the phasing of projects, which are often multi-phased and multi-year. Sponsors who maintain capital plans must reflect multi-year spending expectations in these plans. The municipal resolution (for public authorities or corporate Sponsors, comparable corporate resolution) provides project approvals and funding authorizations. If the approvals are granted through other actions, (e.g., budget-related appropriations) the SLA must make reference to such actions. To the extent these actions are limited to a particular phase or project description, later phases or scope modifications to the project will generally require subsequent approvals and funding resolutions.