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Preaward Costs :for Continuum of. Care Planning <br />::. <br />The Recipient. may, at, its own risk, incur pre=award costs for .continuum of careplanning <br />awards, after the date bf the HUD selection notice:and prior-to the effective date of this:Agreement;-if <br />such costs:. a) are eonsistent: with 2 CFR 200.45.8; .and b) would be allowable asa post-award cost, <br />and c) do .not exceed :I 0 percent -of the. total funds obligated to this award. The incurrence of pre-.. <br />award costs in: anticipation :of an award imposes no obligation on HUD either to mare the award, or <br />to increase the. amount 0—the approved budget;, if the: award is made for:lessahan the:amount <br />anticipated and is- inadequate to cover the pre=award: costs incurred. . . . <br />These provisions apply to all:Recipients:: <br />as <br />9'any new projects :funded under this Agreement are for project-based rental assistance fora <br />:. . <br />term: of fifteen: (15) years; .the funding provided under .this Agreement is for the performance: period <br />::..:. <br />stated-herein only. Additional funding is subject to the:availability of annual appropriations.:..:. ....... <br />'The budget-period and performance-period ofrenewal.projects funded by. this, Agreement will <br />begin immediately: at- the end: of the budget period andpe :rformance:. period of the: grant :being <br />renewed.' Eli'ble costs incurred between: the end' of Reci rent's budget period­ and erforinance: <br />81 P� . dge P <br />period under the grant being renewed and the date:this Agreement is-ekecuted by both parties may llie = <br />- ieimbursed:with Grants Funds from this Agreement. 1Vo Grant.Funds' for renewal projects maybe ' <br />drawn by' Recipient before fide end date; of the project's budget period and performance period <br />under.the grant.that has been renewed. _ <br />For any transition project funded under this: Agreement the budget period and performance <br />nod of the transition ro'ect s wiil.be in ininiediately_at the end''f the Recipient's finaloperating <br />..:. <br />:.: P J. .fi) 8. <br />year under the grant being transitioned.- - Eligible costs, as defined by.-the Act. and- the Rule: incurred:: - <br />between the end of Recipient's final operating year under the grant being transitioned and: the <br />execution of this Agreement maybe paid with funds:froin the fi=st operating year of'this Agreement.:: <br />HUD designations of Contiiiuums:of Care as High-performing Communities (HPCS) are <br />published on HL7D goy in the.apOropriatip Fiscal:Year§ " CoC Ptbgram,l bi * e_ 060 Funding <br />Availability.page. Notwithstairding anything tothecontrary.in the Application..or this Agreement,.:.: <br />Recipient iaay only use grant funds for HPC Homelessness.Preventioii:Activities if the Continuum::: <br />:. that designated the. Recipient-to apply ,for the grant was desiguated:an :HPC for. the applicable fiscal <br />year...:. <br />:'The Recipient must complete the attached "Indirect Cost:Rate Schedule" affil return it io <br />HUD with this Agreement. The. Recipient must provide HUD with a revised schedule when any .. . <br />change is.iriade to the.rates) iiicluded iii:the schedule. Th"-hedule acid any_revisions HU- 1 receives <br />...-... <br />from theRecipient will be incorporated into and made partof this Agreement, provided that each rate <br />included satisfies the:applicablerequirements under 2 CFR part 200. (including appendices). <br />.. :This Agreement shall remain in effect. anti the:earlier. iif I) written agreement by the: parties;. • : " <br />2) by-HUD alone; acting.under the. authority. 0€24 CFR578.107; 3) upon.expiraton of the Budget <br />period: and performance period for all projects funded .under this Agreement; or 4). upon the - - <br />:.expiration-of the period of availability of Grant Funds forAl projects:fimded under this:Agreement: <br />• www.hud.gov: espanol.hudgov :. : _Page 3 <br />