Common use of STATE FUNDED PROGRAM COMPENSATION Clause in Contracts

STATE FUNDED PROGRAM COMPENSATION. 2.1.1. In consideration for the services provided by the Contractor under the terms of this Contract, the Department shall reimburse the Contractor as follows: 2.1.1.1. The Department shall pay to the Contractor the amount due for State-funded services, as allocated, within thirty (30) days of presentation of a billing and upon approval of the Department. The Contractor shall submit its bill in a format prescribed by the Department and in accordance with the method of payment described in this Section. 2.1.1.2. The Contractor shall receive payment as it is earned, in whole or in part, from available State funds in an amount not to exceed the amount listed in Section 7, Payments to Contractor, Subsection A, Maximum Amount, for the purchase of services under all program contracts. The liability of the State, at any time, for such payment shall be limited to the unexpended amount remaining of such funds. 2.1.1.3. Increases or decreases in the amount of State funding during the term of this Contract may be made by written notice by the State to the Contractor or by amendment of the Contract for the following circumstances: If necessary to fully utilize program appropriations. Adjustments to reflect prior year final contract utilization and current year expenditures. Supplemental appropriation changes resulting in an increase or decrease in the amounts originally appropriated and available for the purposes of this program. Closure of programs and/or termination of related contracts. Delay or difficulty in implementing new programs or services. Other special circumstances as deemed necessary by the Department. 2.1.1.4. Payments shall be made in accordance with rates determined by the Department and may be amended during the term of the contract. When the Contractor’s maximum allocation of State money has been paid to the Contractor, no additional funds shall be provided under this Contract. 2.1.1.5. Payment pursuant to this Contract is contingent upon the Contractor, or subcontractor(s), securing and properly maintaining all necessary licenses, certifications, approvals, etc., required to properly provide the services or goods covered by the contract. 2.1.1.6. In the event that the Contractor is not able to comply with the terms of this Contract due to a decrease in funds or change in rules, the Contractor may submit a request to renegotiate this Contract or request a waiver of the rules governing the provision of services in accordance with 10 CCR 2505-10, section 8.600.5.G, as it currently exists or may hereafter be promulgated or amended. If the Department approves the renegotiation of terms, this Contract shall be amended to incorporate approved renegotiated Contract provisions or approved waivers. If the amended Contract is not signed within thirty (30) days of being submitted to the Contractor, then this Contract shall terminate upon the expiration of thirty (30) days.

STATE FUNDED PROGRAM COMPENSATION. 2.1.1. In consideration for the services provided by the Contractor under the terms of this Contract, the Department shall reimburse the Contractor as follows: 2.1.1.1. The Department shall pay to the Contractor the amount due for State-funded services, as allocated, within thirty (30) days of presentation of a billing and upon approval of the Department. The Contractor shall submit its bill ▇▇▇▇ in a format prescribed by the Department and in accordance with the method of payment described in this Section. 2.1.1.2. The Contractor shall receive payment as it is earned, in whole or in part, from available State funds in an amount not to exceed the amount listed in Section 7, Payments to Contractor, Subsection A, Maximum Amount, for the purchase of services under all program contracts. The liability of the State, at any time, for such payment shall be limited to the unexpended amount remaining of such funds. 2.1.1.3. Increases or decreases in the amount of State funding during the term of this Contract may be made by written notice by the State to the Contractor or by amendment of the Contract for the following circumstances: If necessary to fully utilize program appropriations. Adjustments to reflect prior year final contract utilization and current year expenditures. Supplemental appropriation changes resulting in an increase or decrease in the amounts originally appropriated and available for the purposes of this program. Closure of programs and/or termination of related contracts. Delay or difficulty in implementing new programs or services. Other special circumstances as deemed necessary by the Department. 2.1.1.4. Payments shall be made in accordance with rates determined by the Department and may be amended during the term of the contract. When the Contractor’s maximum allocation of State money has been paid to the Contractor, no additional funds shall be provided under this Contract. 2.1.1.5. Payment pursuant to this Contract is contingent upon the Contractor, or subcontractor(s), securing and properly maintaining all necessary licenses, certifications, approvals, etc., required to properly provide the services or goods covered by the contract. 2.1.1.6. In the event that the Contractor is not able to comply with the terms of this Contract due to a decrease in funds or change in rules, the Contractor may submit a request to renegotiate this Contract or request a waiver of the rules governing the provision of services in accordance with 10 CCR 2505-10, section 8.600.5.G, as it currently exists or may hereafter be promulgated or amended. If the Department approves the renegotiation of terms, this Contract shall be amended to incorporate approved renegotiated Contract provisions or approved waivers. If the amended Contract is not signed within thirty (30) days of being submitted to the Contractor, then this Contract shall terminate upon the expiration of thirty (30) days.