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14 <br /> • ATTACHMENT D <br /> PROJECT FINANCIAL PROVISIONS <br /> 1. Payment of the State funds obligated under this Grant Agreement shall be <br /> made in accordance with the following schedule, unless otherwise authorized <br /> by the Department. <br /> A. Upon final execution of the Grant Agreement and Project <br /> Concurrence by the .Department, the Department will issue its <br /> voucher for ten percent (10%) of the Agreement amount. <br /> B. Subsequent payments will be made on the basis of progress <br /> • payments which may be requested by the Sponsor as costs are <br /> incurred, but not more frequently than monthly. Progress <br /> payments will be made provided the following requirements <br /> have been met. <br /> (1) . The Grant Agreement has been executed and a Project <br /> Concurrence issued. <br /> -z_ (2) The Project has received an appropriate environmental <br /> finding. <br /> (3) The Sponsor has submitted a Proposed Project Budget Form <br /> AC-6 accurately reflecting the expected costs. <br /> (4). The Sponsor has submitted an executed interim Payment <br /> Request Form AC-7 accurately reflecting the costs incurred to <br /> date. • <br /> (5) The Sponsor has complied with all applicable conditions <br /> of the State Aid to Airports Program Guidance Handbook. <br /> C. The submission of p ress ro payments g yments is expected to parallel <br /> the value of work actually completed and costs incurred. At <br /> such point the Sponsor has requested payments equalling 100% <br /> of the State Grant, it is expected that the approved project <br /> will be 100% complete. <br /> D. Upon receipt of 100% of the State Grant, the Sponsor will <br /> promptly complete project acceptance and submit the Project <br /> Completion Certification Form AC-8 and Final Cost Information . <br /> Form AC-9. <br /> • <br /> DOA Form 12/85 Attachment D Page 1 of 2 <br />