Common use of Grant Funds Distribution Process Clause in Contracts

Grant Funds Distribution Process. a. To receive a distribution of Grant Funds during the Term, Recipient shall submit a funding request letter to the ODOT Contact for approval (a “Funding Request”). The Funding Request must be on Recipient letterhead and include all information set forth in the letter template attached as Exhibit D. If Recipient chooses not to request Grant Funds in a calendar year, the year’s Grant Funds amount will accumulate (“bank”) for Recipient’s future use. ODOT’s distribution of Grant Funds will be limited to Recipient’s cumulative amount of Grant Funds available at the time a Funding Request is submitted. ODOT will not advance any Grant Funds based on anticipated future allocations of STBG Funds.