R94-65 AUTHORIZING THE FILING OF A FINAL APPLICATION FOR A MASS TRANSPORTATION CAPITAL IMPROVEMENT GRANT

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► ; . � (h) If the Recipient fails to adhere to the requirements of Part II, Subsections 107.b(1)(a), (b), (cj, (d), (e), or (� of this Agreement, the Government may revoke the ponion of the Recipient's funds that has not been obligated. (2) Re uisition. If the requisition method of pa}�rnent is used, the Recipient agrees to: (a) Complete and submit Standard Form 3881, "Payment Information Form - ACH Pay�ment Vendor Payment System," to FTA's Accounting Division. ' (b) Complete and submit Standard Form 270, "Request for Ad��ance or Reimbursement," to the designated FTA office. Upon receipt of a payment request and adequate accompanying information, the Government ��ill authorize pa��nent by direct deposit if the Recipient is complying with its obligations under this A�reement, has satis�ed the Go��ernment that it needs the requested Federal funds during the requisition period, and is making adequate and timely progress to��ard Project completion. If all these circumstances are present, the Go��ernment may reimburse apparent allo��-able costs incurred (or to be incurred during the requisition period) by the Recipient up to the maximum amount of Federal funds pa}�able through the fiscal }�ear in ��hich the requisition is submitted, as stated in the Project Budget. ' c. ,�Ilo�t�able Costs. The Recipient's e�penditures ��•ill be reimbursed if they meet all re uirements set forth belo��: 9 ( 1 ) Conform ��•ith the Project Description and the Appro��ed Project Budget and all other , terms of this A�reement; (2) Be necessary in order to accomplish the Project; � 1_ ) Be reasonable for the goods or ser��ices urchased; P (-3) Be actual net costs to the Recipient (i.e., the price paid minus any refunds, rebates, or other items of��alue recei��ed b � the Reci ient that h v t } p a e he effect of reducing the cost actuall�� incurred, excluding Program Income); ' (5) Be incurred (and be for �t�ork performed) after the date of this Agreement, unless specific authorization from the Go��ernment to the contrary is received; , (6) Unless permitted other��ise by Federal statute or regulation, conform ��ith Federal guidelines or regulations and Federa] cost principles as set forth below: (a) For Recipients that are governmental organizations, the standards of OMB Circular A-87, Re��ised, "Cost Principles for State and Local Go��ernments" apply; (b) For Recipients that are institutions of higher education, the standards of OMB Circular A-2l, Re��ised, "Cost Principles for Educational Institutions" apply; Page 9