Res 1989-094 - Laserfiche WebLink

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THE TEXAS TRAFFIC SAFETY PROGRAM Article 2. Responsibilities of the Parties The Local Government shall undertake and complete the project as described in Attachment A, Approved Project Description, and in accordance with all terms and conditions included hereinafter. The State shan provide assistance as appropriate and as specified in said Attachment A. Article 3. Compensation The maximum amount payable under this contract shall not exceed the amount of $ 13.074.40 unless modified in writing through an amendment pursuant to Article 5. All payments made hereunder win be made in accordance with Attachment B, Approved Project Budget. When directed by the State, the Local Government may transfer an amount equal to 5% of the total budget authorized in Attachment B, Approved Project Budget, from one cost category to another. In no case shall the maximum amount payable be exceeded as a result of the transfer. The transfer of funds between cost categories will not require a written amendment to the contract unless the amount of the transfer exceeds 5% of the total project budget. To be eligible for reimbursement under this contract, a. cost must be incurred within the contract period specified in Article 1 above and be authorized or not prohibited in Attachment B, Approved Project Budget. Payment of costs incurred under this contract is further governed by cost principles outlined in the Federal Office of Management and Budget (OMB) Circular A-87, "Cost Principles for State and Local Governments." The Local Government agrees to submit monthly or quarterly requests for reimbursement using billing statements acceptable to the State. The original billing statement and one copy is to be submitted to the address shown on the last page of this contract. The Local Government agrees to submit the final request for payment under this contract within sixty (60) days after the end of the contract period. The State will exercise all good faith to make payments within thirty days of receipt of properly prepared and documented requests for payment. All payments, however, are contingent upon the availability of appropriated funds. Article 4. Limitation of Liability Because federal funds are authorized on a federal fiscal year basis only, payment of costs incurred hereunder is contingent upon the availability offederal funds. Page 2 of 13