RES 334 Draft 01 1996-1998 - Laserfiche WebLink

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I I I I I I I I I , i I I I I r I I I I . . ., , Attachment 3 Page 3 (2) Payments shall be made in advance quarterly installments upon submission by submission by Contractor of written request for payment. (3) The quarterly financial status reports and program performance reports shall be reviewed by the STATE for appropriateness and allowability of the reported expenditures. (4) If an amount of reported expenditures is determined by the STATE to be inappropriate and unallowable, the STATE may deduct an equivalent amount from the next payable installment. If, after payment of the last installment, investigation and examination reveal additional expenditures that are determined to inappropriate and unallowable, the STATE may require that an equivalent amount of moneys be refunded to the'STATE notwithstanding preliminary determination of appropriateness and allowability. (5) All payments 'shall be made in accordance with and subject to Chapter 40, Hawaii Revised Statutes, which specifies the accounting procedures and controls applicable to payments out of the Treasury of the State of Hawaii. Such payments are subject to availability offunds and allotment by the Director of Finance in accordance with Chapter 37, Hawaii Revised Statutes. Final payment under this Agreement shall be subject to sections 103- 53 and 237-45, Hawaii Revised Statutes, which require a tax clearance from the Director of Finance, State of Hawaii, showing that all delinquent taxes, ifany, levied or accrued under State law against the private subcontractors~ have been paid. (6) Contractor shall include appropriate provisions for its subcontractors to ensure that the provisions of this part may be effectuated. ------ --------------~ - ---------- ~- -"--- - . -----------~---