6G(4) SubGrant Agreement Technology Park

Home Browse Search

(D.) All payments shall be made in arrears only upon presentation of approved and signed State of Indiana Claim Vouchers. Payments made by Grantee shall be deemed to be a payment by the Grantor for purposes of processing the Grantee's claims in accordance with this Agreement and with the State Grant Agreement. Such claim vouchers must be submitted with a Budget Expenditure Report detailing disbursements of Grant Funds, or any local or other funds by Budget line items described in the Budget attached hereto and incorporated herein as Exhibit "B" of this Agreement. (E.) The State may require the Grantee to produce satisfactory evidence, in the sole opinion of the State, that substantial progress has been made towards completion of the Project and that the conditions set forth or referenced in this Paragraph 5 have been met, prior to making a payment under this Agreement. All payments are subject to the State's determination that the Grantee's performance to date conforms to the Project as approved and described in Exhibits "A-1" and "A-2", notwithstanding any other provision of this Agreement to the contrary. In the event that the Grantee fails to show that the progress or completion of the Project conforms to the description and schedule set forth in this Agreement, the State or the Grantor may impose sanctions against the Grantee or may terminate the Agreement under Para raph 20. (F.) As stated in Paragr~h 4 of this Agreement, all Quarterly Progress Reports must be submitted within the time frame allotted. In the event the Quarterly Progress Reports are not submitted in the time frame allotted, the Grantor may withhold authorization for any payment request until such time as the deficiency is corrected. (G.) No travel expenses shall be eligible for reimbursement under this Agreement. (H.) The Grantor shall retain an amount of up to the Final Distribution Amount until the Grantor receives the following documents: (1.) A report prepared by a duly authorized representative of the State summarizing the Monitoring Report, detailing how funds have been spent on the Project in accordance with the Budget and evaluating the Grantee's timely progress. This Monitoring Review is subject to Paragraphs 4 and 5 of this Agreement. (2.) A final payment request submitted has been approved by the State of Indiana Claim Voucher, and a Budget Expenditure Report. (I.) Notwithstanding any other provision of this Agreement, the Grantee expressly agrees that the monies provided herein by the Grantor are limited of the Maximum Grant Amount for eligible Project expenditures as described in said 4 F:\*.*\Projects-Miscellaneous\Tech Park\Subgrant Agreement-Notre Dame (2) 8.17.09