Common use of Project Execution Clause in Contracts

Project Execution. 1. The project period shall begin with the date of approval of this Agreement and shall terminate at the end of the stated or amended project period unless the Project is completed or terminated sooner in which event the Project shall end on the date of completion or termination. 2. To be eligible for matching assistance, costs must be incurred within the project period identified on this agreement. Development costs are first incurred at the start of actual physical work on the project site (such as clearing of ground, the beginning of construction, or delivery of materials to the site). Costs are not incurred at some earlier time when contracts are signed, or purchase orders are issued. Costs incurred prior to the start of this agreement are not eligible for match or reimbursement. 3. The Subrecipient will cause work on the Project to be commenced within a reasonable time after receipt of notification that funds have been approved and assure that the Project will be prosecuted to completion with reasonable diligence. 4. The Subrecipient shall secure completion of work in accordance with the approved construction plans and specifications and shall comply with all applicable Federal and local laws and regulations, including, but not limited to: a) National Environmental Policy Act of 1969, as amended (P.L. 90-190, 42 U.S.C. § 4321, et seq.); b) Protection and Enhancement of Environmental Quality (March 5, 1970, as amended by Executive Order 1191, May 24, 1977) Executive Order 11514; c) The Flood Disaster Protection Act of 1973 (12 U.S.C. § 24. 1701-1 Supp., 42 U.S.C. § 4001, et seq.). The Subrecipient will comply with the flood insurance purchase requirements of § 102(a) of the Flood Disaster Protection Act of 1973, Public Law 93- 234, 87 Stat. 975. Section 102(a) requires the purchase of flood insurance in communities where such insurance is available, as a condition for the receipt of any Federal financial assistance for construction or acquisition purposes, for use in any area that has been identified as an area having special flood hazards by the Flood Insurance Administration of the Federal Emergency Management Agency. The phrase “Federal financial assistance” includes any form of loan, grant, guaranty, insurance payment, rebate, subsidy, disaster assistance loan or grant, or any other form of direct or indirect Federal assistance. d) Flood Plain Management and Wetland Protection, Executive Orders, 11988 and 11900; e) Environmental Justice in Minority and Low-Income Populations, Executive Order 12898; f) Department of the Interior Environmental Compliance Memorandum (ECM) 95-2, addressing environmental impacts of proposed actions on Indian Trust Resources in any environmental document; g) Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (P.L. 91-646), 94 Stat. 1894 (1970). The Subrecipient will comply with the terms of Title II and Title III and the applicable regulations and procedures implementing the act for all real property acquisitions and where applicable shall assure that the act has been complied with for property to be developed with assistance under this Agreement. h) Federal Act for Protection and Restoration of Estuarine Areas (P.L. 90-454); i) Wild and Scenic Rivers Act of 1968 (P.L. 90-542) (16 U.S.C. § 1274, et seq.);