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<br />Generic GO Bond Proceeds 18 Ver – 10/26/2020 <br />Grant Agreement for Construction Grants <br /> <br />shall remain in full force and effect but shall be modified and amended to reflect the amount of the <br />G.O. Grant that was actually disbursed as of such date. This provision shall not, in any way, affect <br />the Public Entity’s obligation to complete the Project by the Completion Date. <br /> <br />This Agreement shall also terminate and no longer be of any force or effect upon the Public <br />Entity’s sale of its ownership interest in the Real Property and, if applicable, Facility in accordance <br />with the provisions contained in Section 4.01 and transmittal of all or a portion of the proceeds of <br />such sale to the Commissioner of MMB in compliance with the provisions contained in Section 4.02, <br />or upon the termination of Public Entity’s ownership interest in the Real Property and, if applicable, <br />Facility if such ownership interest is by way of an easement or under a Real Property/Facility Lease. <br />Upon such termination the State Entity shall execute, or have executed, and deliver to the Public <br />Entity such documents as are required to release the Public Entity’s ownership interest in the Real <br />Property and, if applicable, Facility, from the effect of this Agreement and the Declaration. <br /> <br />Section 2.13 Excess Funds. If the full amount of the G.O. Grant and any matching funds <br />referred to in Section 7.23 are not needed to complete the Project, then, unless language in the G.O. <br />Bonding Legislation indicates otherwise, the G.O. Grant shall be reduced by the amount not needed. <br /> <br />Article III <br />USE CONTRACTS <br /> <br />This Article III and its contents is only needed and only applies if the Public Entity enters into an <br />agreement with another party under which such other party will operate any portion of the Real <br />Property, and if applicable, Facility. For all other circumstances this Article III and its contents are <br />not needed and should be ignored and treated as if it were left blank, and any reference to this Article <br />III, its contents, and the term Use Contract in this Agreement shall be ignored and treated as if the <br />references did not exist. <br /> <br />Section 3.01 General Provisions. If the Public Entity has statutory authority to enter into a <br />Use Contract, then it may enter into Use Contracts for various portions of the Real Property and, if <br />applicable, Facility; provided that each and every Use Contract that the Public Entity enters into must <br />comply with the following requirements: <br /> <br />A. The purpose for which it was entered into must be to operate the Governmental <br />Program in the Real Property and, if applicable, Facility. <br /> <br />B. It must contain a provision setting forth the statutory authority under which the <br />Public Entity is entering into such contract, and must comply with the substantive and <br />procedural provisions of such statute. <br /> <br />C. It must contain a provision stating that it is being entered into in order for the <br />Counterparty to operate the Governmental Program and must describe such program. <br /> <br />D. It must contain a provision that will provide for oversight by the Public Entity. Such <br />oversight may be accomplished by way of a provision that will require the Counterparty to