1. (a) Disbursement of funds will be made in accordance with the terms of the contract.
2. (b) After completion of the project, the awardee will provide the following milestones and updates as required by the contract.
3. (c) Throughout the project period, the awardee must provide copies of all reports required by federal agencies pursuant to the terms of individual federal grants received, within 30 days of their submission to the granting agencies.
4. (d) As a performance measure to demonstrate economic benefit to the State of Texas, for two years upon completion of the project the governmental entity shall submit quarterly reports indicating the number of qualified jobs created or retained and the average annual salary for each position.
5. (e) Failure to submit reports in a timely and satisfactory manner may result in the withholding of funds due or requested by the awardee. Failure to document post-completion requirements may result in the return of funds to the Commission as set forth in the contract.

Source Note:The provisions of this §4.40 adopted to be effective November 25, 2009, 34 TexReg 8311.