Common use of Unavailability of Funding Clause in Contracts

Unavailability of Funding. Due to possible future reductions in state and/or federal appropriations, the College cannot guarantee the continued availability of funding for this Contract beyond the current fiscal year. In the event funds to finance this Contract become unavailable either in full or in part due to reductions in appropriations for a future fiscal year, the College may terminate the Contract or reduce the consideration by notice in writing to the Contractor. The notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The College shall be the final authority as to the availability of funds. The effective date of Contract termination or reduction in consideration shall be the actual effective date of the elimination or reduction of appropriations. In the event of a reduction in consideration, the Contractor may cancel this Contract as of the effective date of the proposed reduction by written notice to the College.

Unavailability of Funding. Due to possible future reductions in state and/or federal appropriations, the College cannot guarantee the continued availability of funding for this Contract contract beyond the current fiscal year. In the event funds to finance this Contract contract become unavailable either in full or in part due to reductions in appropriations for a future fiscal year, the College may terminate the Contract contract or reduce the consideration by notice in writing to the Contractor. The notice shall be delivered by certified mail, return receipt requested, or in person with proof of delivery. The College shall be the final authority as to the availability of funds. The effective date of Contract contract termination or reduction in consideration shall be the actual effective date of the elimination or reduction of appropriations. In the event of a reduction in consideration, the Contractor may cancel this Contract contract as of the effective date of the proposed reduction by written notice to the College.