CARES Act. The parties understand and agree that, to the extent applicable, all Program funds derived from the City’s CARES Act (42 U.S.C. 801) allocation must be awarded or otherwise committed by December 30, 2020. Program funds awarded to recipients by December 30, 2020, may be delivered in the usual course of business pursuant to CARES Act guidance issued by the Department of Treasury. City and Administrator shall meet regularly to ensure all funding will be awarded or otherwise committed by December 30, 2020. The City reserves the right to recoupment of, and Administrator acknowledges its obligation to repayment of, Program funds not awarded or otherwise committed by December 30, 2020.
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CARES Act. The parties understand and agree that, to the extent applicable, all Program funds derived from the City’s the CARES Act (42 U.S.C. 801) allocation must be awarded or otherwise committed by December 30, 2020. Program funds awarded to recipients by December 30, 2020, may be delivered in the usual course of business pursuant to CARES Act guidance issued by the Department of Treasury. City and Administrator shall meet regularly to ensure all funding will be awarded or otherwise committed by December 30, 2020. The City reserves the right to recoupment of, and Administrator acknowledges its obligation to repayment of, Program funds not awarded or otherwise committed by December 30, 2020.
Appears in 1 contract
Samples: Agreement
