Contracts & Agreements_171-2017 - Laserfiche WebLink

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3 06 - 0195 016 - 2017 obligation of the United States under the provisions of 49 U S C §47108(b) $0 for planning $150,000 for airport development $0 for land acquisition 2 Period of Performance The period of performance begins on the date the Sponsor formally accepts this agreement Unless explicitly stated otherwise in an amendment from the FAA,the end date of the period of performance is 4 years(1,460 calendar days) from the date of formal grant acceptance by the Sponsor The Sponsor may only charge allowable costs for obligations incurred prior to the end date of the period of performance (2 CFR §200 309) Unless the FAA authorizes a written extension,the sponsor must submit all project closeout documentation and liquidate (pay off) all obligations incurred under this award no later than 90 calendar days after the end date of the period of performance (2 CFR§200 343) The period of performance end date does not relieve or reduce Sponsor obligations and assurances that extend beyond the closeout of a grant agreement 3 Ineligible or Unallowable Costs The Sponsor must not include any costs in the project that the FAA has determined to be ineligible or unallowable 4 Indirect Costs-Sponsor Sponsor may charge indirect costs under this award by applying the indirect cost rate identified in the project application as accepted by the FAA,to allowable costs for Sponsor direct salaries and wages 5 Determining the Final Federal Share of Costs The United States' share of allowable project costs will be made in accordance with the regulations, policies, and procedures of the Secretary Final determination of the United States' share will be based upon the final audit of the total amount of allowable project costs and settlement will be made for any upward or downward adjustments to the Federal share of costs 6 Comoleting the Proiect Without Delav and in Conformance with Requirements The Sponsor must carry out and complete the project without undue delays and in accordance with this agreement, and the regulations, policies, and procedures of the Secretary The Sponsor also agrees to comply with the assurances which are part of this agreement 7 Amendments or Withdrawals before Grant Acceptance.The FAA reserves the right to amend or withdraw this offer at any time prior to its acceptance by the Sponsor S Offer Expiration Date This offer will expire and the United States will not be obligated to pay any part of the costs of the project unless this offer has been accepted by the Sponsor on or before August 30, 2017, or such subsequent date as may be prescribed in writing by the FAA 9 Improper Use of Federal Funds The Sponsor must take all steps, including litigation if necessary,to recover Federal funds spent fraudulently, wastefully,or in violation of Federal antitrust statutes, or misused in any other manner for any project upon which Federal funds have been expended For the purposes of this grant agreement,the term "Federal funds" means funds however used or dispersed by the Sponsor that were originally paid pursuant to this or any other Federal grant agreement The Sponsor must obtain the approval of the Secretary as to any determination of the amount of the Federal share of such funds The Sponsor must return the recovered Federal share, including funds recovered by settlement,order,or judgment,to the Secretary The Sponsor must furnish to the Secretary upon request, all documents and records pertaining to the determination of the amount of the Federal share or to any settlement, litigation, negotiation, or other efforts taken to recover such funds Ali settlements or other final positions of the Sponsor, in court or otherwise, involving the recovery of such Federal share require advance approval by the Secretary 2