Common use of Fiscal Funding Clause in Contracts

Fiscal Funding. If the effective dates of this contract extend beyond June 30th of the current fiscal year, it shall be understood that purchases in the next fiscal year are conditional on the receipt of Federal and/or State funds. In the event of the discontinuance or a decrease in Federal and/or State funds at any time, the District reserves the right to change the item identifications, decrease the quantities, delete items, and/or terminate this entire Agreement to maintain the School Nutrition Program’s financial integrity.

Appears in 16 contracts

Samples: ) Agreement, Food Products and Distribution Services Agreement, Contract for Goods And

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Fiscal Funding. If the effective dates of this contract proposal extend beyond June 30th 30 of the current fiscal year, it shall be understood that purchases in the next fiscal year are conditional on the receipt of Federal federal and/or State state funds. In the event of the discontinuance or a decrease in Federal federal and/or State funds at any timestate funds, the District City of Kingsport school district reserves the right to change the item identifications, decrease the quantities, and/or delete items, and/or terminate this entire Agreement to maintain the School Nutrition Program’s financial integrity.

Appears in 1 contract

Samples: T

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