Method and Timing of Payment. The GRANTEE shall utilize Request for Payment procedures as specified by DPB. The GRANTEE shall request funds only for those amounts which have been obligated, encumbered, or expended through other accounts and which can be expended upon receipt or soon thereafter. To this end, the GRANTEE shall develop a financial management system which provides for timely expenditure of requested GRANT funds.
Appears in 2 contracts
Sources: Grant Agreement, Grant Agreement