Current through Register Vol. 54, No. 25, June 22, 2024
Section 131.71 - Grant payments(a) Payments are rendered in four equal installments unless otherwise specified under the schedule of payment terms in contract. The first payment is an advance payment of 1/4 of the total entitlement. The second and third payments of 1/4 each of the entitlement will be made when the agency produces financial statements showing need for more funds predicated upon project expenditure patterns and fulfillment of work programs and established budgets. Reference should also be made to § 131.84 (relating to invoices).(b) Final payment will not be released until an interim audit has been submitted. Reference should also be made to § 131.82 (relating to auditing and evaluation).(c) All required statistical progress and fiscal reports shall be current in order for allotment requests to be approved for payment.