Common use of Program Period Clause in Contracts

Program Period. 3.1. Performance of work or other expenses billable to CARB under this Grant may commence after full execution of this Grant Agreement by both parties and ▇▇▇▇▇▇▇’s submission to CARB of its governing board’s resolution, minute order, or other approval, described in Section 2 of this Grant Agreement. Performance on this ▇▇▇▇▇ ends once the Grantee has submitted a draft final report (Project Closeout) or if this Grant Agreement is terminated, whichever is earlier. 3.2. Upon full expenditure of grant funds, the Grantee shall submit a Project Closeout report to the CARB Program Liaison (see Section 12.2.d of this Grant Agreement) after Program completion. 3.3. Funds that Grantee has not liquidated by June 30, 2025 June 30, 2027, must be returned to CARB within ninety (90) days, or by September 30, 2025 September 30, 2027. Expenditure of Project funds granted may not be reduced due to any loss incurred in an insured bank or investment account. 3.4. If additional funding becomes available, the CARB Executive Officer in his sole discretion retains the authority to amend this Grant to provide additional disbursement to the Grantee to complete tasks related to the Scope of Work for this Grant Agreement.

Program Period. 3.1. Performance of work or other expenses billable to CARB under this Grant may commence after full execution of this Grant Agreement by both parties and ▇▇▇▇▇▇▇’s submission to CARB of its governing board’s resolution, minute order, or other approval, described in Section 2 of this Grant Agreement. Performance on this ▇▇▇▇▇ ends once the Grantee has submitted a draft final report (Project Closeout) or if this Grant Agreement is terminated, whichever is earlier. 3.2. Upon full expenditure of grant funds, the Grantee shall submit a Project Closeout report to the CARB Program Liaison (see Section 12.2.d of this Grant Agreement) after Program completion. 3.3. Funds that Grantee has not liquidated by June 30, 2025 June 30, 20272025, must be returned to CARB within ninety (90) days, or by September 30, 2025 September 30, 20272025. Expenditure of Project funds granted may not be reduced due to any loss incurred in an insured bank or investment account. 3.4. If additional funding becomes available, the CARB Executive Officer in his sole discretion retains the authority to amend this Grant to provide additional disbursement to the Grantee to complete tasks related to the Scope of Work for this Grant Agreement.