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<br />TEXAS TRAFFIC SAFElY PROGRAM AGREEMENT <br /> <br />NOW, THEREFORE, in consideration of the premises and of the mutual covenants and <br />agreements of the parties hereto, the Department and the Subgrantee do mutually agree as <br />follows. <br /> <br />AGREEMENT <br /> <br />ARTICLE 1. FUNDING PERIOD <br /> <br />This agreement becomes effective on OCTOBER 1, 1992 <br />parties hereto, whichever occurs later, and shall terminate on <br />unless termination occurs as provided for hereinafter. <br /> <br />or when fully executed by all <br />SEPTEMBER 30, 1993 <br /> <br />ARTICLE 2. RESPONSIBILITIES OF THE PARTIES <br /> <br />The Subgrantee shall undertake and complete the project as described in Attachment A, <br />Approved Project Description, and in accordance with all terms and conditions included <br />hereinafter. The Department shall provide assistance as appropriate and as specified in said <br />Attachment A. <br /> <br />ARTICLE 3. COMPENSATION <br /> <br />A. The maximum amount payable under this agreement shall not exceed the amount of <br />$ 15 , 000 . 00 . unless modified in writing through an amendment pursuant to <br />Article 5. <br /> <br />B. The method of payment for this agreement will be based on actual costs incurred up to <br />and not to exceed the limits specified in Attachment B, Approved Project Budget, unless <br />other methods of payment are specified as follows: <br /> <br />1. If Attachment B, Approved Project Budget, specifies that actual costs will be <br />reimbursed, the amount included in the project budget will be deemed to be an <br />estimate only and a higher amount can be reimbursed, subject to the conditions <br />specified in paragraph C hereunder. <br /> <br />2. If Attachment B, Approved Project Budget, specifies that costs are based on a <br />specific rate, per-unit cost, or other method of payment, reimbursement will be <br />based on the specified method. <br /> <br />C. All payments made hereunder will be made in accordance with Attachment B, Approved <br />Project Budget. The Subgrantee's expenditures may not exceed any budget category in <br />the Approved Project Budget by an amount greater than 5% of the total budget without <br />a written agreement amendment. The maximum amount payable shall not be increased <br />as a result of exceeding a budget category without a written contract amendment. <br /> <br />D. To be eligible for reimbursement under this agreement, a cost must be incurred in <br />accordance with Attachment B, Approved Project Budget, within the period specified in <br />Article 1 above. <br /> <br />7/92 Page 2 of 13 <br />