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� * <br /> ITEM 6-REVERSION OF GRANT FUNDS <br /> A. Iliinois Grant Funds Recovery Act-This Grant is subject to the Iliinois Grant Funds Recovery Act, 301LCS <br /> 705/1. This Grant is valid until June 30,2004,and grant funds are available to the Grantee and may be <br /> expended by the Grantee until said date unless the Department,at its discretion,grants an extension of <br /> time. Any grant funds which are not expended or legally obligated by the Grantee at the end of the Grant ' <br /> Agreement or by the expiration of the period of time grant funds are available for expenditure or obligation, <br /> whichever is earlier,shall be retumed to the Depanment within 45 days. Project close-out shall be in <br /> accordance with the Project Settlement 8 Close-Out ITEM of this Agreement. <br /> This date is subject to further revision at the sole determination and discretion of the Department. <br /> B. Failure to Appropriate Funds-This Grant and the processing of any requisitions and payment of funds is <br /> contingent upon the availability of sufficient funds appropriated to the Department by the Illinois General <br /> Assembly.The Grantee understands and agrees that the obligations of the Department to make any <br /> grants or payments under this Agreement are conditional upon funds being appropriated therefore by the <br /> General Assembly,and the Grantee shall not hold the Department liable for failure by the General <br /> Assembly to appropriate sufficient funds for this Project. <br /> C. This Grant and the processing of any requisitions from and the payment of any funds to the Grantee is <br /> contingent upon this Project and the Grantee meeting all Federal requirements,and is further contingent <br /> upon the DepartmenYs receipt of the Federal funds for this Project. <br /> ,. <br /> ITEM 7-ACCOMPLISHMENT OF THE PROJECT <br /> A. General Requirements-The Grantee shall commence,carry out,and complete the Project with all <br /> practicable dispatch,in a sound,economical,and efficient manner,and in accordance with the provisions of <br /> all documents listed in ITEM 5 above,and in compliance with all applicable laws and Department guidelines. <br /> B. Pursuant to Federal,State,and Local Law-In the performance of its obligations pursuant to this Agreement, <br /> the Grantee and its contractors shall comply with all applicable provisions of federal,state and local law, <br /> inctuding the appli�able grant provisions of the current Master Agreement between the Department and FTA. <br /> All limits and standards set forth in this Agreement to be observed in the performance of the Project are <br /> minimum requirements and shall not affect the application to the performance of the Project of more <br /> restrictive local standards that are not inconsistent with the limits and standards of this Agreement. <br /> The Grantee agrees that the most recent oi such state and federal requirements,in effect at any particular <br /> time,will govem the administration of this Agreement except if there is sufficient evidence in the Agreement <br /> of a contrary intent. Such contrary intent might be�videnced by a letter signed by the Department,the <br /> language of which modifies or otherwise conditions the text of a particular provision of this Agreement. <br /> Likewise,new state and federal laws,regulations,policies and administrative practices may be established <br /> after the date the Agreement has been executed that may apply to this Agreement. To achieve compliance <br /> with changing Govemment requirements,the Grantee agrees to include in all sub-grantee agreements and <br /> third party contracts,financed in whole or in part with GovemmeM assistance,specific notice that <br /> Govemment requi�ements may change and such changed requirements will apply to the Project. Grantee <br /> and contractors further agree to administer the Project in accordance with the applicable federal and state <br /> provisions,including all applicable FTA Circulars and 49 CFR Parts 18 819. <br /> C. Funds of the Grantee-The Grantee shall initiate and prosecute to completion all proceedings necessary to <br /> enable the Grantee to provide its share of the Project costs at or prior fo the time that such funds are needed <br /> to meet Project costs. <br /> State/Federal Capita/Grant page 6 <br />