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Pre -award Costs for Continuum of Care Planning The Recipient may, at its own risk, incur pre -award costs -for continuum of care planning awards, after the date of the HUD selection notice and prior to the effective date of this Agreement, if such costs: a) are. consistent with 2 CFR 204.458; and b) would be allowable as a post -award cost; and c) do not exceed 10 percent of the total funds obligated to this award. The incurrence of pre- award costs in anticipation of at award imposes no obligation on HUD either to make the award, or to increase the amount of the approved budget, if theaward is made for less than the amount anticipated and is inadequate to cover the pre -award costs incurred. These.provisions apply to .all Recipients: If any new projects funded under this Agreement are for project -based rental assistance for a term of fifteen (15) years, the funding provided under this Agreement is for the performance period stated herein. only: Additional funding is subject to the availability of annual appropriations. The budget period and performance period of.renewal projects funded by this Agreementwill begin immediately at the end. of the budget period and performance period of the grant being . -renewed. Eligible costs incurred between the tnd of Recipient's budget period and performance period under the grant being renewed and the.date this Agreement is executed by both parties may be reimbursed with Grants Funds from this.Agreement. No Grant. Funds for renewal projects may be drawn down by Recipient before the end date of the project's budget period andperformance period under the grant that has been renewed: For any transition project funded under this Agreement the budget period and performance period of the transitionprojeet(s) will begin immediately at the end of the Recipient's final operating . year under the grant being transitioned. Eligible costs, as defined by the Act and the Rule incurred between the end of Recipient's final operating year:under the grant being transitioned and the execution of this Agreement may be paid with funds_ from the first operating year of this. Agreement. HUD designations- of Continuums of Care as High -performing Communities (HPCS) are published in the HUD Exchange in the appropriate Fiscal Years' CoC Program Competition Funding Availability page. Notwithstanding anything to the contrary in -the Application or this Agreement, Recipient may only use grant funds for HPC Homelessness Prevention Activities if the Continuum that designated the Recipient to apply for the grant was designated an HPC for the applicable fiscal year. The Recipient must complete the attached "Indirect Cost Rate Schedule" and return it to HUD with this Agreement. The Recipient must provide HUD.'with a revised schedule when any change is made to the rate(s) included. in the :schedule: The schedule and any revisions HUD receives from the Recipient will be incorporated .into and made part of this Agreement, provided that each rate included satisfies the applicable requirements under 2 CFR part 200 (including appendices). This Agreement shall remain in effect until the. earlier of 1) written agreement by the parties; 2}'by HUD alone, acting under the authority of 24 CFR 578.107; 3) upon expiration of the budget period and performance period for all projects fim. ded under this Agreement; or 4) upon the expiration of the period of availability of Grant Funds for all projects funded under this Agreement. www.hud.gov espanol.hud.gov Page 3 96