Specifications include, but are not limited to: 1.1. Items purchased using grant funds must be procured in accordance with applicable procurement standards in: (1) the Financial Manual for Grants and Contracts (FMGC); and, (2) the Texas Grant Management Standards (TxGMS).; 1.2. Grantees must receive prior written TWC approval for Equipment purchases. Receipt of a grant award that includes the requested items in the Budget Workbook does not constitute prior written approval. To request prior written approval, the Grantee will submit the TWC Form 7100 to the Grant Manager after the start date of the grant award.; 1.3. Equipment must be procured and ordered within ninety (90) days of the grant start date. If extenuating circumstances exist such that orders cannot be placed within ninety (90) days, the Grant Manager will review and consider a request for an extension on a case-by-case basis. If there are remaining grant funds after the purchase, those funds may be deobligated by TWC.; 1.4. No additional purchases will be considered beyond Application and Budget submission.; 1.5. The grant may provide funding up to ninety-five percent (95%) of the sum of the total cost of the approved CTE Program Equipment.; 1.6. Grantees shall provide cash matching funds equal to at least five percent (5%) of the total cost of the approved CTE Program Equipment.; 1.7. Cash matching funds may be obtained from any source available to the Applicant, including industry consortia, community or foundation grants, individual contributions, and local governmental agency operating funds.; 1.8. Cash matching funds must be expended on the Equipment to be purchased under the same CTE Program for which the grant funds are provided.; 1.9. In accordance with Texas Government Code § 2155.4441, the Grantee agrees to purchase products and materials produced in Texas when they are available at a price and time comparable to products and materials produced outside of Texas.; 1.10. For purposes of grant payments, TWC considers costs to be allowable based on two (2) conditions: (1) TWC acceptance of a billing submitted by a Grantee after the Grantee completes its purchase of the approved items, and (2) TWC verification and approval of the Grantee’s completion of all deliverables (including documented matching) under the grant award. The Grantee will bill TWC for the Grantee’s actual allowable costs after the Grantee completes its purchase of the approved items. Upon TWC approval of the billing, TWC will release payment for ninety percent (90%) of the grant’s share of the actual allowable costs billed by the Grantee. The final ten percent (10%) will be available to the Grantee after all deliverables are verified and approved by TWC, including documented matching funds.
