Laserfiche WebLink
ARTICLE IV -METHOD OF PAYMENT <br /> A. In accordance with the provisions of this paragraph, the Government shall maintain <br /> current records and provide to the Non-Federal Sponsor current projections of costs, financial <br /> obligations, the contributions provided by the parties, the costs included in total study costs for <br /> in-kind contributions determined in accordance with Article II.E. of this Agreement, and the <br /> credit to be afforded for in-kind contributions pursuant to Article II.F. of this Agreement. <br /> 1. As of the effective date of this Agreement, total study costs are projected to be <br /> $3,000,000; the value of the Non-Federal Sponsor's contributions under Article III and Article VI <br /> of this Agreement is projected to be$100,000;the amount of funds determined in accordance with <br /> Article II.C.I.a. of this Agreement is projected to be $1,400,000; the costs included in total study <br /> costs for in-kind contributions determined in accordance with Article II.E. of this Agreement are <br /> projected to be $750,000; the credit to be afforded for in-kind contributions pursuant to Article <br /> II.F. of this Agreement is projected to be $750,000; the Non-Federal Sponsor's contribution of <br /> funds required by Article II.C.I.b. of this Agreement is projected to be $650,000; and the non- <br /> Federal proportionate share is projected to be 48.28 percent. These amounts and percentage are <br /> estimates subject to adjustment by the Government, after consultation with the Non-Federal <br /> Sponsor, and are not to be construed as the total financial responsibilities of the Government and <br /> the Non-Federal Sponsor. <br /> 2. By June 1, 2015, and by each quarterly anniversary thereof until the <br /> conclusion of the period of study and resolution of all relevant claims and appeals, the <br /> Government shall provide the Non-Federal Sponsor with a report setting forth all contributions <br /> provided to date and the current projections of the following: total study costs; study costs to be <br /> shared during the period of study; the value of the Non-Federal Sponsor's contributions under <br /> Article III and Article VI of this Agreement; the amount of funds determined in accordance with <br /> Article II.C.1.a. of this Agreement; the Non-Federal Sponsor's contribution of funds required by <br /> Article II.C.I.b. of this Agreement; excess study costs; the amount of funds determined in <br /> accordance with Article II.D.1. of this Agreement; the Non-Federal Sponsor's contribution of <br /> funds required by Article II.D.2. of this Agreement; the costs included in total study costs for in- <br /> kind contributions determined in accordance with Article II.E. of this Agreement; the credit to be <br /> afforded for in-kind contributions pursuant to Article II.F. of this Agreement; the total <br /> contribution of funds required from the Non-Federal Sponsor for the upcoming contract and <br /> upcoming fiscal year; and the non-Federal proportionate share. <br /> B. The Non-Federal Sponsor shall provide the contribution of funds required by Article <br /> II.C.1.b. of this Agreement in accordance with the provisions of this paragraph. <br /> 1. Not less than 7 calendar days after the effective date of this Agreement, the <br /> Government shall notify the Non-Federal Sponsor in writing of the funds the Government <br /> determines to be required from the Non-Federal Sponsor to meet: (a)the non-Federal <br /> proportionate share offinancial obligations to be shared during the period of study incurred <br /> prior to the commencement of the period of study; (b)the projected non-Federal proportionate <br /> share offinancial obligations to be shared during the period of study to be incurred for such <br /> contract; and (c)the projected non-Federal proportionate share offinancial obligations to be <br /> 210 <br />