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5. Payment of the State of Texas' share of the allowable project costs <br />will be made pursuant to and in accordance with the established <br />procedures approved by the State Comptroller- and the Commission. <br />Final determination as to the allowability of the costs of the project <br />will be made at the time of the final grant payment. <br />6. The Commission reserves the right to amend or withdraw this Offer <br />at any time prior to its acceptance by the Sponsor. The accept,zncc: <br />period cannot be greater than 45 day .,after issuance LUIless <br />extended in writing by the Commission. <br />7.'he Commission will nor become a part of any contract or commitment <br />which the Sponsor may enter into or assume in carrying out this <br />Project. Progress payment from the grant will be paid to the :Sponsor <br />periodically as development is satisfactorily completed. The Sponsor <br />in turn shall settle all project encumbrances and financial oblig ations. <br />8. Approximately ten (10) per cent of the total grant will be withheld. by <br />the Commission, to be paid only_aftcr all work has been completed, <br />inspected and approved by the Commission, or its designated repre- <br />sentative. <br />9. Any and all fees collected for use of the airport or navigational <br />CD <br />facilities constructed in part with funds granted herein shall be <br />reasonably and non - discriminatory. The amount: realized from <br />fees so collected will be used solely for the operation, maintena ncc <br />and upkeep of the airport, and for further development of the <br />airport as funds permit. (See also V. T. C. S. Art. 46d -1.1) <br />11. The Sponsor will, if requested by the Commission, on September I <br />of each and every year submit to the Commission an itemized <br />statement of revenue received from the airport and expenditUre -s <br />made thereon for the preceding year. <br />11. All future development of the airport will be consistent with a <br />current master airport layout plan, approved by the Commission <br />and maintained by the Sponsor. A reproduceable copy of said <br />plan, and all subsequent modifications thereto, shall be filed <br />with and approved by the Commission. <br />12. Where the authorized airport de=velopment project includes t ?,c <br />installation of lighting, the Sponsor hereby agrees unconditionally <br />"I-AC l-,UIZitq 100 (Rey. 12/71) Page 3 of 5 <br />