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It is expressly understood and agreed to by the Participant <br /> that payment of any funds to the Participant under this contract <br /> is contingent upon the Illinois' General Assembly passing and <br /> the Governor signing an appropriation of operating assistance <br /> funds to the Participant under the Act. Participant <br /> acknowledges that said appropriation has not been passed and <br /> signed at the time of execution of this contract. Participant <br /> understands and agrees that if said appropriation is not passed <br /> and signed then this contract is null and void and there is no <br /> obligation on the Department to provide funding to the <br /> Participant under this contract. <br /> The Participant agrees to c anmit the necessary local funds <br /> to cover costs incurred in providing public transportation not <br /> reimbursed by the sum of State funds provided under the <br /> Downstate Public Transportation Act and Federal funds provided <br /> under Secti on 5 and/or 9 or Secti on 18 of the UMTA Act of 1964, <br /> as amended. <br /> ITEM 2. PAYMENT PROCEDURES <br /> The Department shall make payments as provided in Item 1 <br /> hereof on a quarterly basis (with adjustments made in the third <br /> and fourth quarters to reflect actual eligible operating <br /> expenses for preceding quarters) upon occurrence of the <br /> following conditions: <br /> a. Receipt by the Department, thirty days bef ore the end <br /> of a current quarter, of the Quarterly Financial Report <br /> of estimated eligible operating expenses and revenues <br /> for the next quarter. However, if the participant <br /> submits requisitions based on its actual expenses and <br /> revenues, such requisitions must be received by the <br /> Department no later than 30 days following the last day <br /> of a current quarter. <br /> b. Receipt by the Department by December 1 , March 1 , May 1 <br /> and August 1 , of the report of actual expenses incurred <br /> in the lst, 2nd, 3rd antl 4th quarters respectively, <br /> known as the Quarterly Financial Report/Actual Revenues <br /> and Expenses. <br /> c. Determination by the Department that such eligible <br /> operating expenses were incurred in conformity with the <br /> application filed by the Participant with the <br /> Department and approved prior to execution of this <br /> Agreement or hereafter amended with approval of the <br /> Department. <br />