Common use of Invoice and Payment for All Grantees Clause in Contracts

Invoice and Payment for All Grantees. A. Grantee shall submit invoices monthly, on the 30th day of the following month, or next business day if the 30th day falls on a weekend or holiday, to prevent delays in processing a subsequent month’s invoicing. System Agency requires Grantee to submit, on a timely basis, a “zero dollar” invoice for a month in which it did not incur expenses. Grantee shall email invoices and System Agency provided voucher support documentation to ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ and ▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇▇ simultaneously. Invoices received after the 30th of the month, or the next business day, are subject to denial of payment. B. Unless otherwise directed by System Agency, Grantee shall submit a reimbursement or payment request as a final close-out invoice no later than thirty (30) calendar days following the end of the term of the Grant Agreement. Reimbursement or payment requests received after the deadline may not be paid. C. System Agency reserves the right, where allowed by legal authority, to redirect funds in the event of financial shortfalls. System Agency Program will monitor ▇▇▇▇▇▇▇’s expenditures on a biannual basis. If expenditures are below the amount in Grantee’s total grant award, ▇▇▇▇▇▇▇’s Budget may be subject to a decrease for the remainder of the Grant Agreement term. Vacant positions existing after ninety (90) days may result in a decrease in funds. D. Grantee will be paid on a cost reimbursement basis and in accordance with the budget for the corresponding year under this Contract.