Common use of Use of Funds, Budget Adjustments Clause in Contracts

Use of Funds, Budget Adjustments. Grant Funds shall be used only for eligible costs identified herein and/or in the Budget. Subrecipient may adjust budgeted expenditure amounts up to 10% between activities of said Budget without approval of the State. Budget adjustments to activities exceeding 10% but less than 24.99% must be submitted in advance of actual cost and receive written State approval, which approval may be transmitted informally by email or such other means that does not rise to the level of an amendment to this Agreement. A budget revision of Exhibit A will be issued by the State with any such adjustment. Adjustments in excess of 24.99% for any activity shall be authorized by the State in an amendment to this Agreement which may also require an amendment to Exhibit A. Budget adjustments shall not increase the State’s total consideration beyond the Subaward Maximum Amount without an amendment to this Agreement.

Use of Funds, Budget Adjustments. Grant Funds shall be used only for eligible costs identified herein and/or in the Budget. Subrecipient may adjust budgeted expenditure amounts up to 10% between activities of said Budget without approval of the State. Budget adjustments to activities exceeding 10% but less than 24.99% must be submitted in advance of actual cost and receive written State approval, which approval may be transmitted informally by email or such other means that does not rise to the level of an amendment to this Agreement. A budget revision of Exhibit A will be issued by the State with any such adjustment. Adjustments in excess of 24.99% for any activity shall be authorized by the State in an amendment to this Agreement which may also require an amendment to Exhibit A. Budget adjustments shall not increase the State’s total consideration beyond the Subaward Maximum Amount maximum amount shown herein without an amendment to this Agreement.