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Standard Agreement DOT -213 City of Santa Ana <br />642572 <br />Page 3 of 29 <br />EXHIBIT B <br />SECTION 5310 <br />BUDGET DETAIL AND PAYMENT PROVISIONS <br />1. Invoicing and Payment <br />A. Local Shara. The CONTRACTOR agrees that it will deposit funds with Bank of America In the <br />amount specified within 90 days after signing Agreement (minus the amount required for locally <br />procured other equipment). In accordance with FTA C 9070.1F, the local share may be derived <br />from Federal programs that are eligible to be expended for transportation, other than DOT <br />programs, or from Department of Transportation (DOT) Federal Lands Highway Program. The <br />CONTRACTOR will be responsible for 100% of all costs which exceed the approved grant <br />amount. In no event shall the STATE be obligated to contribute STATE funds toward the cost of <br />the PROJECT. Deposit instructions shall be provided to the CONTRACTOR by the STATE. <br />B. Local Match Deoosit. PROJECT equipment will not be procured by the STATE, on behalf of the <br />CONTRACTOR, until the deposit of the CONTRACTOR'S local match has been verified by the <br />STATE. Local Match deposit shall be deposited within 90 days of Agreement execution. <br />C. Billing and Payment for Vehicle Procurement. Maximum vehicle funding limits shall be set by the <br />STATE and shall apply to non - profit and public agencies without prejudice. Purchase order <br />requirements are further detailed in Exhibit D, The Federal Share for all vehicle procurements <br />shall not exceed 88.53 %0 of the grant amount identified. <br />Non - Profit Agencies. The STATE Is required to order vehicles for non- profit agencies from a <br />State approved Contract. The CONTRACTOR must deposit the local match In the <br />designated Bank of America account before the vehicle is ordered. No further billing or <br />payment is required of the CONTRACTOR. In the event a balance due is owed to the <br />CONTRACTOR for any unused portion of the local match, the CONTRACTOR shall request <br />a refund from Caltrans in writing. Caltrans will initiate the refund process with Bank of <br />America. <br />2. Public Agencies. Payment for vehicles ordered by public agencies shall comply with the <br />appropriate provision below: <br />91 <br />a. Public agency CONTRACTORS that have a vehicle procured for them by the STATE will <br />follow payment options Identified in Exhibit B above. <br />b. Public agency CONTRACTORS, that purchase vehicles themselves from a State <br />approved Contract, shall purchase vehicle in full from the vendor. Purchase order <br />reimbursement requests from the CONTRACTOR for the Federal Share will be accepted <br />and paid after the vehicle delivery is accepted by the STATE. <br />c. Public agency CONTRACTORS, that complete their own procurement not from the State <br />Contract, shall purchase vehicle in full from the vendor. Purchase order reimbursement <br />requests from the CONTRACTOR for the Federal Share will be accepted and paid after <br />the vehicle delivery is accepted by the STATE. <br />d. Upon review and approval by the STATE, STATE agrees to reimburse the Public Agency <br />CONTRACTOR for allowable costs not to exceed 88.53% of the approved grant amount <br />upon receipt of a complete and correct invoice package including proof of payment which <br />includes a preaward and post delivery audit, and otherwise meets the requirements of <br />this Standard Agreement. Incomplete or disputed invoices shall be returned to Public <br />Agency Contractor, unpaid, for correction. <br />20A -8 <br />Rev. 03/25/2014 <br />