Common use of OVERSIGHT REQUIREMENTS Clause in Contracts

OVERSIGHT REQUIREMENTS. Spending targets to increase by 15% each quarter. Failure to meet spending targets may result in a decrease of funding by the California Community Colleges Chancellor's Office. Budget changes that exceed 15% require member justification and consortium approval. BUDGET CONCERNS. If the state or federal budget for the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall have no force and effect. In this event, MSJCCD shall have no liability to pay any funds whatsoever to Contractor or to furnish any consideration under this Agreement and Contractor shall not be obligated to perform any provision of this Agreement. Any work performed by Contractor prior to approval of the state or federal budget, as applicable, will be rendered on a voluntary basis, and shall not be compensated unless and until funding is authorized. SUB-AGREEMENTS. Contractor may not make any sub-agreements with any third parties without advance prior written approval by MSJCCD and the California Community College Chancellor's Office.

OVERSIGHT REQUIREMENTS. Spending targets to increase by 15% each quarter. Failure to meet spending targets may result in a decrease of funding by the California Community Colleges Chancellor's Office. Budget changes that exceed 15% require member justification and consortium approval. BUDGET CONCERNS. If the state or federal budget for the current year and/or any subsequent years covered under this Agreement does not appropriate sufficient funds for the program, this Agreement shall have no force and effect. In this event, MSJCCD shall have no liability to pay any funds whatsoever to Contractor or to furnish any consideration under this Agreement and Contractor shall not be obligated to perform any provision of this Agreement. Any work performed by Contractor prior to approval of the state or federal budget, as applicable, will be rendered on a voluntary basis, and shall not be compensated unless and until funding is authorized. SUB-AGREEMENTS. Contractor may not make any sub-agreements with any third parties without advance prior written approval by MSJCCD and the California Community College Chancellor's Office.