Common use of Statutory Condition Clause in Contracts

Statutory Condition. It is a condition of this Contract that payment hereunder is subject to Section 97 of the Financial Administration Act, as amended, which provides as follows: “It is a condition of every contract and other agreement made by or on behalf of Government requiring an expenditure that an expenditure pursuant to the contract or agreement will be incurred only if there is a sufficient uncommitted balance in the appropriation for the department for the Government fiscal year in which the expenditure is required under the contract or agreement”