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Agreement No.20262017 <br /> appropriated or otherwise made available to Grantor by the State or the federal funding source,(ii)the Governor <br /> or Grantor reserves funds,or(iii)the Governor or Grantor determines that funds will not or may not be available <br /> for payment.Grantor must provide notice,in writing,to Grantee of any such funding failure and its election to <br /> terminate or suspend this Agreement as soon as practicable.Any suspension or termination pursuant to this <br /> Paragraph will be effective upon the date of the written notice unless otherwise indicated. <br /> 4.2. Pre-Award Costs. Pre-award costs are not permitted unless specifically authorized by Grantor in <br /> Exhibit A, PART TWO or PART THREE of this Agreement. If they are authorized, pre-award costs must be charged <br /> to the initial Budget Period of the Award, unless otherwise specified by Grantor. 2 CFR 200.458. <br /> 4.3. Return of Grant Funds.Grantee must liquidate all Obligations incurred under the Award within <br /> forty-five(45)days of the end of the Period of Performance,or in the case of capital improvement Awards,within <br /> forty-five(45)days of the end of the time period the Grant Funds are available for expenditure or obligation, <br /> unless Grantor permits a longer period in PART TWO OR PART THREE. Grantee must return to Grantor within <br /> forty-five(45)days of the end of the applicable time period as set forth in this Paragraph all remaining Grant <br /> Funds that are not expended or legally obligated. <br /> 4.4. Cash Management Improvement Act of 1990. Unless notified otherwise in PART TWO or PART <br /> THREE,Grantee must manage federal funds received under this Agreement in accordance with the Cash <br /> Management Improvement Act of 1990(31 USC 6501 et seq.)and any other applicable federal laws or <br /> regulations. 2 CFR 200.305;44 III.Admin.Code 7000.120. <br /> 4.5. Payments to Third Parties.Grantor will have no liability to Grantee when Grantor acts in good <br /> faith to redirect all or a portion of any Grantee payment to a third party.Grantor will be deemed to have acted in <br /> good faith when it is in possession of information that indicates Grantee authorized Grantor to intercept or <br /> redirect payments to a third party or when so ordered by a court of competent jurisdiction. <br /> 4.6. Modifications to Estimated Amount. If the Agreement amount is established on an estimated <br /> basis,then it may be increased by mutual agreement at any time during the Term. Grantor may decrease the <br /> estimated amount of this Agreement at any time during the Term if(i)Grantor believes Grantee will not use the <br /> funds during the Term,(ii)Grantor believes Grantee has used Grant Funds in a manner that was not authorized by <br /> this Agreement,(iii)sufficient funds for this Agreement have not been appropriated or otherwise made available <br /> to Grantor by the State or the federal funding source,(iv)the Governor or Grantor reserves funds,or(v)the <br /> Governor or Grantor determines that funds will or may not be available for payment.Grantee will be notified, in <br /> writing,of any adjustment of the estimated amount of this Agreement. In the event of such reduction,services <br /> provided by Grantee under Exhibit A may be reduced accordingly. Grantor must pay Grantee for work <br /> satisfactorily performed prior to the date of the notice regarding adjustment. 2 CFR 200.308. <br /> 4.7. Interest. <br /> (a) All interest earned on Grant Funds held by a Grantee or a subrecipient will be treated in <br /> accordance with 2 CFR 200.305(b)(12),unless otherwise provided in PART TWO or PART THREE. Grantee <br /> and its subrecipients must remit annually any amount due in accordance with 2 CFR 200.305(b)(12)or to <br /> Grantor,as applicable. <br /> (b) Grant Funds must be placed in an insured account,whenever possible,that bears <br /> interest,unless exempted under 2 CFR 200.305(b)(10),(b)(11). <br /> 4.8. Timely Billing Required.Grantee must submit any payment request to Grantor within fifteen (15) <br /> days of the end of the quarter,unless another billing schedule is specified in ARTICLE II,PART TWO,or PART <br /> State of Illinois <br /> GRANT AGREEMENT FISCAL YEAR 2026 <br /> Page 10 of 33 <br />