Common use of Calculation of Clause in Contracts

Calculation of. REIMBURSEMENTS The GLO agrees to reimburse Local Government its pro rata share for eligible expenses incurred in connection with the Project during the state fiscal year in which reimbursement is sought. The amount reimbursed each disbursement period shall not exceed Local Government's pro rata share of the total funds allocated by the GLO for reimbursement of program participants for beach cleaning and maintenance. The amount available for distribution among program participants each year is SEVEN HUNDRED TWENTY-NINE THOUSAND THREE HUNDRED THIRTY-NINE DOLLARS ($729,339.00). Reimbursement will be based upon the Local Government's proportionate share of total linear footage of gulf beach and the Local Government's proportionate share of the total of participant expenditures on cleaning and maintaining gulf beaches during the two fiscal years preceding the disbursement. The GLO will determine the actual amount of Local Government's pro rata share for each disbursement period in accordance with 31 TAC 25. All expenditures used in the calculation of Local Government's pro rata share of reimbursement must be eligible pursuant to 31 TAC 25.12. Pursuant to 31 TAC 25.13, no city or county may receive as its state share an amount that is greater than two-thirds of the amount of eligible expenses spent for the purpose of cleaning and maintaining public beaches within its jurisdiction during each disbursement period. In the event the GLO determines after a disbursement that additional funds are available, the GLO may, in its sole discretion, disburse an additional amount to participants on a pro rata basis. Reimbursement to Local Government for the state's share of cleaning and maintaining gulf beaches under this Contract cannot be determined until after an application has been received, all reimbursement requests have been submitted and evaluated, and the necessary calculations have been made in accordance with 31 TAC 25. the GLO shall disburse the funds on a semi-annual basis and provide Local Government a Notice of Disbursement, a sample of which is shown in Attachment B. The Notice of Disbursement for each year will be added to Attachment C of the contract upon its issuance.

Calculation of. REIMBURSEMENTS The GLO agrees to shall reimburse Local Government its pro rata share for eligible expenses incurred in connection with the Project during the state fiscal year in which reimbursement is sought. The amount reimbursed each disbursement period shall not exceed Local Government's pro rata share of the total funds allocated by the GLO for reimbursement of all program participants for beach cleaning and maintenance. The amount available for distribution among all program participants for each year of fiscal years 2016 and 2017 is SEVEN HUNDRED TWENTY-NINE THOUSAND THOUSAND, THREE HUNDRED THIRTY-NINE DOLLARS ($729,339.00). The amount available for distribution among all program participants for fiscal year 2018 is SEVEN HUNDRED THOUSAND DOLLARS ($700,000.00). The amount available for distribution among all program participants for fiscal year 2019 is SEVEN HUNDRED TWENTY-NINE THOUSAND DOLLARS ($729,000.00). Reimbursement will be based upon on the Local Government's proportionate share of total linear footage of gulf beach and the Local Government's proportionate share of the total of participant expenditures on cleaning and maintaining gulf beaches during the two fiscal years preceding the disbursement. The GLO will determine the actual amount of Local Government's pro rata share for each disbursement period in accordance with Title 31 TAC Chapter 25. All expenditures used in the calculation of Local Government's pro rata share of reimbursement must be eligible pursuant to Title 31 TAC Section 25.12. Pursuant to Title 31 TAC Section 25.13, no city or county may receive as its state share an amount that is greater than two-thirds of the amount of eligible expenses spent for the purpose of incurred in cleaning and maintaining public beaches within its jurisdiction during each disbursement period. In the event If the GLO determines after a disbursement that additional funds are available, the GLO may, in its sole discretion, disburse an additional amount amounts to participants on a pro rata basis. Reimbursement to Local Government for the state's share of cleaning and maintaining gulf beaches under this Contract cannot be determined until after an application has been received, all reimbursement requests have been submitted and evaluated, and the necessary calculations have been made in accordance with Title 31 TAC Chapter 25. the The GLO shall disburse the funds on a semi-annual basis and provide Local Government a Notice of Disbursement, a sample of which is shown in Attachment B. The Notice of Disbursement for each year will be added to Attachment C of the contract Contract upon its issuance. 2. This Amendment No. 2 shall be effective upon the date of last signature. 3. The terms and conditions of the Contract not amended herein shall remain in force and effect. 4. Further material revisions to the Contract shall be by written agreement of the Parties.