Common use of Subsequent Disbursements of Allocated Funds Clause in Contracts

Subsequent Disbursements of Allocated Funds. Except as provided in paragraphs 2 and 3 herein, Treasury will disburse to the Participating Municipalities each successive one-third of the Allocation Funds after each Participating Municipality certifies to Treasury that it has expended, transferred, or obligated 80 percent of the last transferred one-third for federal contributions to, or for the account of, the Approved Municipal Program. Each Participating Municipality’s certification shall be in the form attached hereto as Exhibit 2-1.

Subsequent Disbursements of Allocated Funds. Except as provided in paragraphs 2 and 3 herein, Treasury will disburse to the Participating Municipalities Municipality each successive one-one- third of the Allocation Funds after each the Participating Municipality certifies to Treasury that it has expended, transferred, or obligated 80 percent of the last transferred one-third for federal contributions to, or for the account of, the Approved Municipal Program. Each The Participating Municipality’s certification shall be in the form attached hereto as Exhibit 2-1.