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This exhibit is being provided for informational purposes to provide the applicant the <br />ability for internal review prior to receipt of their std. agreement for executionEXHI BIT 2 <br />Applicant Name <br />20-PLHA-XXXX <br />Page 1 of 3 <br />EXHIBIT B <br />BUDGET DETAIL AND PAYMENT PROVISIONS <br />Budget Detail <br />Contractor has been awarded the following grant activity amounts: <br />[SPECIFIC BUDGET DETAIL TO BE INSERTED] <br />Contractor will be responsible for maintaining oversight of grant amounts and <br />determining whether an amended PLHA Plan is required due to reallocation of more <br />than ten percent among Activities funded per Section 302(c)(5). <br />2. Conditions of Disbursement <br />Prior to receiving any Grant funds, the Contractor shall submit the following for the <br />Department's approval: <br />A. Government TIN Form, as applicable. <br />B. No Funding will be disbursed to Contractor unless Contractor and any delegating <br />Local government has an approved Housing Element and is in compliance with <br />the Housing Element Annual Progress Report requirements, pursuant to PLHA <br />Program Guidelines section 302(a) and (b). <br />C. Contractor shall not be eligible to receive a new allocation if the Contractor has <br />accrued an uncommitted amount of four times the pending allocation if the <br />pending allocation is $125,000 or less; or $500,000 if the pending allocation is <br />greater than $125,000 and less than $500,000; or the amount of the pending <br />allocation if the allocation is $500,000 or more. <br />3. Performance <br />A. All funds must be disbursed within fifty-eight months of the budget appropriation. <br />Funds that are not disbursed within fifty-eight months of the budget appropriation <br />will revert to the Housing Rehabilitation Loan Fund. <br />Permanent Local Housing Allocation (PLHA) Program — Grant <br />NOFA Date: 02/26/2020 <br />Approved Date: 10/05/2020 <br />Prep. Date: To be entered when SA is crealed <br />