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City o <br /> 22-�V4 <br /> 7of28 <br /> 6) Effective Date, Term of Agreement, and Deadlines <br /> a) This Agreement is effective upon approval by Cal ICH (indicated by the signature <br /> provided by Cal ICH in the lower left section of page one, Standard Agreement, <br /> STD. 213), when signed by all parties. <br /> b) This Agreement shall terminate on December 31, 2026. <br /> i <br /> c) Grantees that are cities or continuums of care shall contractually obligate no less <br /> than 50 percent of HHAP-3 funds by May 31, 2024. If less than 50 percent is <br /> obligated after May 31, 2024, continuums of care and cities shall not expend any <br /> remaining portion of the 50 percent of program allocations required to have been <br /> obligated unless and until both of the following occur: <br /> 0 On or before June 30, 2024, the Grantee submits an alternative disbursement <br /> plan to Cal ICH that includes an explanation for the delay. <br /> I <br /> ii) Cal ICH approves the alternative disbursement plan or provides the Grantee <br /> with guidance on the revisions needed in order to approve the alternative 1 <br /> disbursement plan. E <br /> iii) If the funds identified in the approved alternative disbursement plan are i <br /> not fully expended by December 31, 2024, the funds shall be returned to the <br /> Cal ICH to be allocated as bonus awards. <br /> d) Grantees that are counties shall contractually obligate the full <br /> alloca <br /> tion 100 percent) awarded to them b May 31 2024. An( p ) y y y funds that are <br /> not contractually obligated by this date shall be reverted to the Continuum of <br /> Care that serves the county. Specific to Los Angeles County, funds that are not <br /> contractually obligated by this date shall be divided proportionately using the <br /> HHAP-3 funding allocation formula among the four CoC's that serve Los Angeles <br /> County: City of Glendale CoC, City of Pasadena CoC, the City of Long <br /> Beach CoC, and the Los Angeles Homeless Services Authority. <br /> Counties not obligating their full program allocation by May 31, 2024 are required <br /> to notify Cal ICH, on or before that date, of the name of the CoC(s) in which the <br /> county is served, and the amount of program funds that will be reverted to <br /> the CoC(s). By June 30, 2024, the county shall provide Cal ICH with evidence <br /> that the funds were transferred and submit an updated budget that clearly <br /> identifies the funds that were transferred. <br /> 1 <br /> e) Grantees that do not meet the expenditure deadlines in HSC § 50220.7(k) shall <br /> not be eligible for bonus funding. <br /> HHAP-3 funds shall be expended by June 30, 2026. <br /> 3 <br />