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U.S. DEPARTMENT OF COMMERCE <br />ECONOMIC DEVELOPMENT ADMINISTRATION <br />STANDARD TERMS AND CONDITIONS <br />FOR CONSTRUCTION PROJECTS <br />Title II <br />Public Works and Economic Development Facilities <br />and <br />Economic Adjustment Assistance Construction Components <br />PREFACE........................................................................................................................ ..............................1 <br />A. General Requirements and Responsibilities ............................................................... ..............................2 <br />1. Purpose ................................................................................................................ ............................... 2 <br />2. Authority and Policies .......................................................................................... ..............................2 <br />3. Definitions ........................................................................................................... ............................... 3 <br />4. Grant Recipient as Trustee .................................................................................. ............................... 3 <br />B . Financial Requirements .............................................................................................. ..............................3 <br />1. Financial Reports .................................................................................................. ..............................3 <br />2. Disbursement Requests ........................................................................................ ..............................4 <br />3. Federal and Non - Federal Cost Sharing ................................................................ ..............................4 <br />4. Budget Revisions and Transfers of Funds Among Budget Categories ................ ..............................5 <br />5. Indirect Costs ........................................................................................................ ..............................6 <br />6. Incurring Costs Prior to Award ........................................................................... ............................... 7 <br />7. Incurring Costs or Obligating Funds Beyond the Project Expiration Date .......... ..............................7 <br />8. Time Extensions ................................................................................................... ..............................8 <br />9. Tax Refunds ........................................................................................................ ............................... 8 <br />10. Program Income .................................................................................................. ............................... 9 <br />C. Programmatic Requirements ....................................................................................... ............................. <br />Quarterly Reporting ................ <br />1. uarterl Re ortin ............................................................................. ............................... <br />2. Interim Reporting ................................................................................................. ..............................9 <br />3. Government Performance and Results Act Reporting ........................................ .............................10 <br />4. Unsatisfactory Performance ................................................................................ .............................10 <br />5. Programmatic Changes ..................................................................................... ............................... 10 <br />6. Other Federal Awards with Similar Programmatic Activities ............................ .............................10 <br />7. Noncompliance with Award Provisions .............................................................. .............................10 <br />8. Use by Beneficiary .............................................................................................. .............................11 <br />9. Prohibition Against Assignment by the Recipient .............................................. .............................11 <br />10. Disclaimer Provisions; Hold Harmless Requirement ........................................ ............................... l l <br />ii <br />