Res 1986-131 - Laserfiche WebLink

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SECTION 16. CHANGES AND AMENDMENTS A. Except as specifically provided otherwise in this contract. any alterations. additions. or deletions to the terms of this contract shall be by amendment hereto in writing and executed by both parties to this contract. B. It is understood and agreed by the parties hereto that performances under this contract must be rendered in accordance with the Act. the regulations promulgated under the Act. the assurances and certifications made to Department by Contractor. and the assurances and certifications made to the United States Department of Housing and Urban Development by the State of Texas with regard to the operation of the Texas Community Development Program. Based on these considerations, and in order to ensure the legal and effective performance of this contract by both parties, it is agreed by the parties hereto that the performances under this contract are amended by the ~~~~~~~o~~do~a~h~u~~~:rP~~j:~;n~:~l~~~~:t}~~l~~~~lm:~~e~~y g~~~~~~~~ may from time to time during the period of performance of this contract issue policy directives which serve to establish. interpret, or clarify performance requirements under this contract. Such policy directives shall be promulgated by the Executive Director of Department in the form of TCDP issuances. shall have the effect of qualifying the terms of this contract and shall be binding upon Contractor. as if written herein. provided however that said policy directives and any amendments to said Manual shall not alter the terms of this contract so as to release Department of any obligation specified in Section 4 of this contract to reimburse costs incurred by Contractor prior to the effective date of said amendments or policy directives. C. Any alterations. additions. or deletions to the terms of this contract which are required by changes in Federal or state law or regulations are automatically incorporated into this contract without written amendment hereto, and shall be come effective on the date designated by such law or regulation. D. Notwithstanding Subsection A of this Section 16, Contractor may make transfers of funds between or among budget categories of Exhibit B. Budget. without requiring an amendment to this contract. or otherwise requiring Department1s prior written approval provided that: 1. The cumulative dollar amount of all transfers among direct budget categories is equal to or less than five percent (5%) of the total amount of this contract as specified in Section 4 (C) herein; 2. The transfer will not change the scope or objective of the projects funded under this contract; and 3. Contractor submits a budget revision report to Department. on a form specified by Department. simultaneously with the submission of Contractor's first Request for Advance Form 270 following any such transfers made in accordance with this Subsection O. Page 8 of 14