Requests for Disbursement of Funds. A. Project expenses shall be paid based on vouchers for actual expenses incurred or paid. Requests for payment must be submitted by the DEVELOPER on an invoice containing the organization logo or letterhead, contain an itemized list of items to be reimbursed, total dollar amount requested, along with adequate and proper documentation of all eligible costs incurred in compliance with the actual cost of construction (92.206).
Requests for Disbursement of Funds. The agreement must specify that the State recipient may not re- quest disbursement of HOME funds under this agreement until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed. Program income must be disbursed be- fore the State recipient requests funds from the State.
Requests for Disbursement of Funds. The agreement must specify that the subrecipient may not request disburse- ment of funds under the agreement until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed. Program income must be dis- bursed before the subrecipient requests funds from the participating jurisdic- tion.
Requests for Disbursement of Funds. The agreement must specify that the developer may not request dis- bursement of funds under the agree- ment until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed.
Requests for Disbursement of Funds. The agreement must specify that the subgrantee may not request disbursement of funds under the agree- ment until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed. Program income must be disbursed before the subgrantee re- quests grant funds from the grantee.
Requests for Disbursement of Funds. The agreement must specify that the recipient may not request dis- bursement of funds under the agree- ment until the funds are needed for payment of eligible costs. The amount of each request must be limited to the amount needed.
Requests for Disbursement of Funds. A. Project expenses shall be paid based on vouchers for actual expenses incurred or paid. Requests for payment must be submitted by the DEVELOPER on an invoice containing the organization logo or letterhead, contain an itemized list of items to be reimbursed, total dollar amount requested, along with adequate and proper documentation of all eligible costs incurred in compliance with the actual cost of construction (92.206). (See Attachment B for reimbursement process). All such expenses shall be in conformance to the approved project budget. Budget revision and approval shall be required prior to payment of any expenses not conforming to the approved project budget.
Requests for Disbursement of Funds. All requests by the State Recipient for the disbursement of CHIP funds must be made in accordance with the CHIP Administrative Manual. Under no terms shall the State Recipient request disbursement of funds until such time that the funds are needed for payment of eligible costs. In addition, the amount of each request must be limited to the amount needed.
Requests for Disbursement of Funds. After meeting the disbursement requirements in Section AA7, Funding Recipient may request disbursement of grant funds from State no more frequently than quarterly. Disbursements cannot be made in advance of incurring the costs. The following procedures will be followed for requests for disbursement: Reimbursable Costs are incurred on the Funded Project and either have been paid or are due and payable by Funding Recipient. Funding Recipient submits an invoice and associated documentation to State requesting disbursement to pay for Reimbursable Costs incurred. State reviews invoice and associated documentation and compliance to date with other Funding Agreement provisions, including submittal of reports and deliverables. If State finds the request for disbursement acceptable and Funding Recipient in compliance with Funding Agreement provisions, State approves the invoice and processes the invoice for disbursement to Funding Recipient. If State finds that the request for disbursement is unacceptable, that the Funding Recipient is out of compliance with Funding Agreement provisions, that any portion of costs claimed are not Reimbursable Costs, or that any portion of costs is not supported by documentation acceptable to State, State will notify Funding Recipient in a timely manner. Funding Recipient may, within 30 calendar days of the date of receipt of such notice, submit additional documentation or Project deliverables to cure deficiencies. If Funding Recipient fails to submit adequate documentation or deliverables curing the deficiencies, State will adjust the pending invoice by the amount of unapproved costs and process the invoice for disbursement to Funding Recipient. If State provides a standard invoice form, Funding Recipient shall use this form. Otherwise, invoices submitted by Funding Recipient shall include the following information: Date of invoice. Time period of costs incurred covered by the invoice. Total amount requested for disbursement. Itemization of costs incurred on the Funded Project based on the categories (e.g., tasks) specified in Exhibit B (Budget). The amounts claimed for salaries, wages, or consultant fees must include the calculation of costs (i.e., hours or days worked, hourly or daily rates, total amount claimed). The itemization of costs shall delineate Funded Project costs incurred between Reimbursable Costs claimed for State grant reimbursement as part of Funding Amount specified in Section 4 (Grant Amount) of this Funding Agre...
Requests for Disbursement of Funds. 24 CFR 92.504(c)(3)(viii). Borrower shall not request disbursement of HOME funds until the funds are needed to pay eligible costs. The amount of each disbursement request shall be limited to the amount needed. City shall have the right to disapprove any request if City determines the request is for an ineligible item or is otherwise not in compliance with or inconsistent with the Loan Agreement and this Agreement.
