TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. 9.1 GRANTEE must demonstrate timely use of the Funds by:
TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. 6.1 The following is XXXXXX’s understanding of the state requirements for timely use of funds, as of the date of this LOA; the terms of this section are subject to change by the Agency and/or the CTC.
TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. 6.1 Project Sponsor must demonstrate timely use of the Funds by:
TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. 6.1 Agency must demonstrate timely use of the Funds by:
TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. STATE must demonstrate timely use of the Funds by: Executing this FA by _________, (Evidence of timely obligation for right of way and construction capital will be a signed "Request for Approval/To Proceed" document (Caltrans Form FNM-76) and/or the Fund Request STATE submits to the CTC.); and Meeting the Project milestone due dates agreed upon by LACMTA and STATE in Attachment C (Scope of Work) of this FA. Contracts for construction or capital purchase shall be executed within nine (9) months from the date of completion of design. Project design (preliminary engineering) must begin within six (6) months from that identified milestone start date. Funds programmed by LACMTA for Project development or right-of-way costs must be expended (including by deposit into a condemnation action) by the end of the second fiscal year following the year the Funds were first programmed; and Submitting the Quarterly Expense/Progress Report as described in Part II, Section 5.1 of this FA; and Expending the Prop C Funds granted under this FA for allowable costs by ________, unless otherwise stated in this FA. If STATE fails to meet any of the above conditions, the Project shall be considered lapsed and all Prop C Funds remaining after the payment of all allowable Project costs will be submitted to the LACMTA Board for deobligation. Expenses that are not invoiced within sixty (60) days after the lapsing date (except Claims and Claim defense costs) are not eligible for reimbursement.
TIMELY USE OF FUNDS / REPROGRAMMING OF FUNDS. 6.1 Project Sponsor must demonstrate timely use of the Funds by: executing this LOA within ninety (90) days of receiving formal transmittal of the LOA from LACMTA, or by December 31 of the first Fiscal Year in which the Funds are programmed, whichever date is later; and
