Sample Agreement Between Applicant and Subapplicant - Community Development Block Grant - Missouri

Sample Agreement Between Applicant and Subapplicant - Community Development Block Grant is a legal document that was released by the Missouri Department of Economic Development - a government authority operating within Missouri.

FAQ

Q: What is the purpose of this agreement?A: The purpose of this agreement is to formalize the relationship between the applicant and subapplicant for the Community Development Block Grant in Missouri.

Q: What is a Community Development Block Grant?A: A Community Development Block Grant is a federal program that provides funding for community development projects to benefit low- and moderate-income individuals and improve local infrastructure.

Q: Who is the applicant and subapplicant in this agreement?A: The applicant is the organization or entity applying for the Community Development Block Grant, while the subapplicant is the organization or entity partnering with the applicant to implement the project.

Q: What does this agreement cover?A: This agreement covers the responsibilities, obligations, and requirements of both the applicant and subapplicant, including project implementation, reporting, compliance with regulations, and the use of grant funds.

Q: What happens if either party fails to fulfill their obligations?A: If either the applicant or subapplicant fails to fulfill their obligations under this agreement, there may be consequences such as termination of the agreement or repayment of grant funds.

Q: Does this agreement guarantee funding?A: No, this agreement does not guarantee funding. The applicant and subapplicant must still go through the normal grant application and selection process to receive funding.

Q: Can this agreement be modified?A: Yes, this agreement can be modified, but any modifications must be agreed upon in writing and signed by both the applicant and subapplicant.

Q: What is the term of this agreement?A: The term of this agreement is usually for the duration of the grant project, but specific terms may vary depending on the circumstances.

Q: Is this agreement legally binding?A: Yes, this agreement is legally binding once it is signed by both the applicant and subapplicant.

Q: Who can terminate this agreement?A: This agreement can be terminated by either the applicant or subapplicant, but proper notice and compliance with any termination provisions are required.