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PART B: PROGRAM FUNDING <br /> <br />Section 2: Grant Amount <br /> <br /> (a) The Agency has approved a Program Grant to the Recipient in the principal <br />amount of Fourteen Thousand Five Hundred Seventeen Dollars ($14,517). In no event <br />shall expenditures under this Agreement exceed this Program Grant. <br /> <br />Section 3: Disbursement of Funding <br /> <br /> The Recipient will receive Program funds in accordance with the Guidelines, <br />section 3.2 Disbursements. <br /> <br />Section 4: Deposit of Funds <br /> <br /> (a) Any money advanced to the Recipient must be deposited, tracked and <br />documented in accordance with the Guidelines, sections 3.3 Recipient Accounts and 3.4 <br />Program Income. <br /> <br /> (b) The Agency reserves the right to require that all deposits made in eligible <br />accounts will be subject to withdrawal by the Recipient and will also be subject to <br />withdrawal by the Agency. If the Agency chooses to exercise this option, an agreement <br />for custodial accounts will be provided by the Agency to implement the requirement and <br />will be executed prior to the initial disbursement. <br /> <br /> (c) Checks will be delivered to the addresses provided in section 21 of <br /> <br />this Agreement. <br /> <br />PART C: FINANCIAL MANAGEMENT <br /> <br />Section 5: Honesty and Fidelity Bond <br /> <br /> The Recipient must comply with the Honesty and Fidelity Bond requirements of the <br />Weatherization Assistance Program contract, part 1, section 12 Honesty and Fidelity <br />Bonds. <br /> <br />C:\WP60\U RP_WAP,FND <br /> <br />Page 3 of 7 <br /> <br /> <br />