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<br />contract, constituting the obligations and rights of the State of Texas and the Sponsor <br />with respect to the accomplishment of the project and the operation and maintenance of <br />the airport. <br /> <br />If it becomes unreasonable or impractical to complete the project, the State may void this <br />agreement and release the Sponsor from any further obligation of project costs. <br /> <br />4. Upon entering into this Grant, Sponsor agrees to name an individual, as the Sponsor's <br />Authorized Representative, who shall be the State's contact with regard to this project. <br />The Representative shall have the authority to make approvals and disapproval's, and <br />coordinate schedule for work items as required on behalf of the Sponsor. <br /> <br />5. Sponsor shall request reimbursement of eligible project costs on forms provided by the <br />State. The reimbursement request will be submitted no more than once a month. <br /> <br />PART IV - Nomination of the Agent <br /> <br />I. The Sponsor designates the State as the party to receive and disburse all funds used, or to <br />be used, in payment of the costs of the project, or in reimbursement to either of the parties <br />for costs incurred. <br /> <br />2. The State shall, for all purposes in connection with the project identified above, be the <br />Agent of the Sponsor. The Sponsor grants the State a power of attorney to act as its agent <br />to perform the following services: <br /> <br />a. accept, receive, and deposit with the State any and all project funds granted, <br />allowed, and paid or made available by the Sponsor, the State of Texas, or any <br />other entity; <br /> <br />b. enter into contracts as necessary for execution of scope of services; <br /> <br />c. if,State enters into a contract as Agent: exercise supervision and direction of the <br />project work as the State reasonably finds appropriate. Where there is an <br />irreconcilable conflict or difference of opinion, judgment, order or direction <br />between the State and the Sponsor or any service provider, the State shall issue a <br />written order which shall prevail and be controlling; <br /> <br />d. receive, review, approve and pay invoices and payment requests for services and <br />materials supplied in accordance with the State approved contracts; <br /> <br />e. obtain an audit as may be required by state regulations; <br /> <br />f. reirnburse sponsor for approved contract maintenance costs no more than once a <br />month. <br /> <br />Page 5 of 11 <br /> <br />AVN4301.DOC (212001) <br />