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<br /> <br /> <br /> <br /> Supplier's Name <br /> Funding Agreement No. 84 <br /> Page 9 of 20 <br /> (1) a statement with supporting documentation of Eligible Project Costs that <br /> have been incurred during the period identified in the particular claim, including, <br /> but not limited to construction, legal, engineering, and administrative fees <br /> associated with the Project; <br /> <br /> (b) Disbursements <br /> <br /> Following the review and approval of a claim by State, it will disburse to Supplier <br /> an approved amount, subject to any retention requirements specified in Exhibit B, <br /> Special Terms and Conditions, and subject to the availability of funds. Any and all <br /> funds disbursed to Supplier under this Agreement, and any and all interest earned by <br /> Supplier on such funds, shall be used solely to pay Eligible Project Costs. <br /> <br /> (c) Rejection of Claims <br /> A claim may be rejected by State if: <br /> <br /> (1) it is submitted without signature; <br /> <br /> (2) it is submitted under signature of a person other than Supplier's duly <br /> authorized representative; <br /> <br /> (3) Supplier fails to timely submit a final claim within the time period specified <br /> in Article A-6(f); <br /> <br /> State will notify Supplier of any claim so rejected, and the reasons therefore. <br /> <br /> (d) Correction of Claims <br /> <br /> A claim containing a mathematical error will be corrected by State, after <br /> telephone notification to Supplier, and will thereafter be treated as if submitted in the <br /> corrected amount. State will confirm correction of the error, to Supplier, in writing. <br /> (e) Adjustments to Claims <br /> <br /> If upon review of a claim State determines that any portion or portions of the <br /> costs claimed are ineligible to be funded under the Act, State law, implementing criteria, <br /> or the terms of this Agreement, State will notify Supplier, by certified or registered mail, <br /> of its determination concerning Supplier's failure to adequately document costs as <br /> Eligible Project Costs. Supplier may, within thirty (30) days of the date of receipt of <br /> such notice, submit additional documentation or evidence to cure such deficiency(ies). <br /> If Supplier does not submit additional information, or if State determines such additional <br /> information to be inadequate, State will adjust the pending claim by the amount of the <br /> ineligible cost(s). <br /> <br /> <br /> <br /> 9 <br /> <br /> 55A-27 <br />