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perform in order to implement the Conservation Measures and other Program Activities for which <br />the City of San Marcos /Texas State University has responsibility to undertake during the term of <br />the current Funding Application. <br />ARTICLE II <br />PURPOSE <br />In accordance with Subsection 6.1.8 of the FMA, the purpose of this Funding Contract is <br />to provide the funding for the current Program Funding Application of the City of San <br />Marcos /Texas State University, referenced to and incorporated herein for all purposes, and the <br />requirements for the reimbursement of funds from the HCP Program Account as necessary for the <br />implementation of the Conservation Measures or other Program Activities as described in the <br />EAHCP as being the responsibility of the City of San Marcos /Texas State University and as more <br />specifically set out in the approved Program Funding Application. <br />ARTICLE III <br />TERM <br />This Funding Contract shall commence and be effective on January 1, 2014, ( "Effective <br />Date ") and shall remain in effect through December 31, 2020, unless sooner terminated in <br />accordance with Article X. <br />ARTICLE IV <br />ANNUAL PROGRAM FUNDING APPLICATIONS <br />A. For each year during the term of this Funding Contract, in accordance with Section <br />6.1 of the FMA, the City of San Marcos /Texas State University will prepare a Program Funding <br />Application ( "Application ") and submit it to the EAA for formal approval by the EAA Board of <br />Directors through a resolution and order. It is the intention of the Parties that, each year, the current <br />Application will be attached to and incorporated into this Funding Contract following formal <br />approval of the Application by the EAA Board of Directors. <br />B. The Application shall be on a form prescribed by the EAA. The Application must <br />include the information described in Subsection 6. 1.1 of the FMA, including the total amount of <br />requested Program Funding. Each Application shall also contain a line -item budgeted amount for <br />each Task, including a separate budget for any associated Subtask. <br />C. Upon approval of the Application as provided in Subsections 6.1.3 and 6.1.4 of the <br />FMA, the EAA agrees to reimburse the City of San Marcos /Texas State University for <br />implementation of each Task described in the current approved Application in an amount not to <br />exceed the Task's individual, line -item budget. Funds may only be disbursed through the approval <br />of individual monthly invoices in accordance with Article 6 of the FMA and this Funding Contract. <br />Except as provided below, the EAA will not reimburse the City of San Marcos /Texas State <br />University for any costs in excess of the total amount budgeted and approved for each Task and <br />Subtask included in an approved Application. <br />3of14 <br />