Unobligated and Unearned Funds and Allowable Costs Sample Clauses

Unobligated and Unearned Funds and Allowable Costs. In accordance with Section 215.971, Florida Statutes, the Grantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Grantee. In addition, funds paid in excess of the amount to which the recipient is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the recipient may expend funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state financial assistance must be in compliance with the laws, rules, and regulations applicable to expenditures of State funds, including, but not limited to, the Reference Guide for State Expenditures.
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Unobligated and Unearned Funds and Allowable Costs. In accordance with Section 215.971, Florida Statutes, the Grantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Grantee. In addition, funds paid in excess of the amount to which the recipient is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the recipient may expend funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state financial assistance must be in compliance with the laws, rules and regulations applicable to expenditures of State funds as outlined in the Department of Financial Service’s Reference Guide for State Expenditures (as of January 2020) (xxxxx://xxx.xxxxxxxxxxxx.xxx/division/aa/manuals/documents/ReferenceGuideforStateExpenditures.pdf), incorporated by reference.
Unobligated and Unearned Funds and Allowable Costs. In accordance with Section 215.971, Florida Statutes, the Grantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Grantee. In addition, funds paid in excess of the amount to which the Grantee is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the Grantee may expend grant and matching funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state financial assistance must be in compliance with the laws, rules and regulations applicable to expenditures of State funds as outlined in the Department of Financial Service’s Reference Guide for State Expenditures (as of October 2022) xxxxxxxxxxxx.xxx/xxxx-xx/xxxxxxxxxx-xxx-xxxxxxxx-xxxxxxxxx/xxxxx-xxxxxxxx/xxxxxxxxx- guide-for-state-expenditures.pdf?sfvrsn=b4cc3337_2, incorporated by reference.
Unobligated and Unearned Funds and Allowable Costs. In accordance with Section 215.971, Florida Statutes, the Subgrantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Subgrantee. In addition, funds paid in excess of the amount to which the Subgrantee is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the Subgrantee may expend funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state and federal financial assistance must be in compliance with the laws, rules and regulations applicable to expenditures of funds. For state funds, guidelines include, but are not limited to, the Reference Guide for State Expenditures. For federal funds, guidelines for allowable costs can be found in 2 CFR 2 Subpart ECost Principles.
Unobligated and Unearned Funds and Allowable Costs. In accordance with Section 215.971, Florida Statutes, the Subgrantee shall refund to the State of Florida any balance of unobligated funds which has been advanced or paid to the Subgrantee. In addition, funds paid in excess of the amount to which the Subgrantee is entitled under the terms and conditions of the agreement must be refunded to the state agency. Further, the Subgrantee may expend funds only for allowable costs resulting from obligations incurred during the specified agreement period. Expenditures of state and federal financial assistance must be in compliance with the laws, rules and regulations applicable to expenditures of funds. For state funds, guidelines for allowable costs are outlined in the Department of Financial ServicesReference Guide for State Expenditures (as of January 2020) xxxxx://xxx.xxxxxxxxxxxx.xxx/division/aa/manuals/documents/ReferenceGuideforStateExpenditures.pdf), incorporated by reference. For federal funds, guidelines for allowable costs can be found xxx.xxx/xxxxx/xxx/XXX-0000-xxxxx0-xxx0/xxx/XXX-0000-xxxxx0-xxx0-xxxx000-xxxxxxxX.xxx in 2 CFR Part 200, Subpart ECost Principles (as of September 2019), incorporated by reference.

Related to Unobligated and Unearned Funds and Allowable Costs

  • Additional Fee on Late Payments For any payments thirty (30) calendar days or more overdue under this Agreement, Registry Operator shall pay an additional fee on late payments at the rate of 1.5% per month or, if less, the maximum rate permitted by applicable law.

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