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Agency Name <br />Master Agreement No. 64SantaAnaMA <br />2. State shall not be required to reimburse more funds, cumulatively, per <br />quarter of any fiscal year greater than the sums identified and included in the <br />Project Financial Plan. The State shall hold the right to determine reimbursement <br />availability based on an approved expenditure plan and TIRCP anticipated or <br />actual funding capacity. Each such invoice will report the total of Project <br />expenditures from GGRF, SB 1 and/or General Funds (including those of Recipient <br />and third parties) and will specify the percent of State reimbursement requested <br />and the GGRF, SB 1 and/or General Funds source. <br />B. Final Invoice <br />The Program Supplement Last Expenditure Dates(s) refer to the last date for <br />Recipient to incur valid Project costs or credits. Recipient has one hundred and <br />eighty (180) days after that Last Expenditure Date to make already incurred final <br />allowable payments to Project contractors or vendors, prepare the Project <br />Closeout Report, and submit the final invoice to State for reimbursement of <br />allowable Project costs before those remaining State funds are unencumbered <br />and those funds are reverted as no longer available to pay any Project costs. <br />Recipient expressly waives any right to allowable reimbursements from State <br />pursuant to this Agreement for costs incurred after that termination date and for <br />costs invoiced to Recipient for payment after that one hundred and eightieth <br />(180th) day following the Project Last Expenditure Date. <br />ARTICLE III — GENERAL PROVISIONS <br />Section 1. Funding <br />1. Recipient agrees to contribute at least the statutorily or other required local <br />contribution of matching funds (other than State or federal funds), if any is <br />specified within the Program Supplement or any appendices thereto, toward the <br />actual cost of the Project or the amount, if any, specified in any executed SB 2800 <br />(Streets and Highways Code Section 164.53) Agreement for local match fund <br />credit, whichever is greater. Recipient shall contribute not less than its required <br />match amount toward the Project cost in accordance with a schedule of <br />payments as shown in the Project Financial Plan prepared by Recipient and <br />approved by State as part of a Program Supplement. <br />Section 2. Audits and Reports <br />A. Cost Principles <br />1. Recipient agrees to comply with Title 2 Code of Federal Regulations 200 (2 <br />CFR 200) Uniform Administrative Requirements, Cost Principles for State and Local <br />Government, and Audit Requirements for Federal Awards. <br />Revised as of 9/12/2024 Page 12 <br />