Common use of USE OF FISCAL RECOVERY FUNDS Clause in Contracts

USE OF FISCAL RECOVERY FUNDS. a. The State, through the Division, will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make an initial disbursement to the non-entitlement 1 xxxxx://xxx.xxxxxxxxxxx.xxx/document/TREAS-DO-2021-0008-0002 | Federal Register, Vol. 86, Xx. 00, Xx. 00000 (“Federal Register”) unit of local government of 50% of the total amount allocated to the non-entitlement unit.2 Not earlier than 12 months from the date upon which the State makes the initial disbursement, the Secretary is expected to release the Second Tranche amount to the State. The State will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make a second disbursement to the non-entitlement unit of local government.

USE OF FISCAL RECOVERY FUNDS. a. The State, through the Division, will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make an initial disbursement to the non-entitlement 1 xxxxx://xxx.xxxxxxxxxxx.xxx/document/TREAS-DO-2021-0008-0002 | Federal Register, Vol. 86, XxNo. 0093, XxPg. 00000 26786 (“Federal Register”) unit of local government of 50% of the total amount allocated to the non-entitlement unit.2 Not earlier than 12 months from the date upon which the State makes the initial disbursement, the Secretary is expected to release the Second Tranche amount to the State. The State will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make a second disbursement to the non-entitlement unit of local government.