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<br />Generic GO Bond Proceeds i Ver – 10/26/20 <br />Grant Agreement for Program Construction Grants <br /> <br />TABLE OF CONTENTS <br /> <br />RECITALS <br /> <br />Article I - DEFINITIONS <br />Section 1.01 – Defined Terms <br /> <br />Article II - GRANT <br />Section 2.01 – Grant of Monies <br />Section 2.02 – Public Ownership <br />Section 2.03 – Use of Grant Proceeds <br />Section 2.04 – Operation of the Real Property and Facility <br />Section 2.05 – Public Entity Representations and Warranties <br />Section 2.06 – Ownership by Leasehold or Easement <br />Section 2.07 – Event(s) of Default <br />Section 2.08 – Remedies <br />Section 2.09 – Notification of Event of Default <br />Section 2.10 – Survival of Event of Default <br />Section 2.11 – Term of Grant Agreement <br />Section 2.12 – Modification and/or Early Termination of Grant <br />Section 2.13 – Excess Funds <br /> <br />Article III – USE CONTRACTS <br />Section 3.01 – General Provisions <br />Section 3.02 – Initial Term and Renewal <br />Section 3.03 – Reimbursement of Counterparty <br />Section 3.04 – Receipt of Monies Under a Use Contract <br /> <br />Article IV – SALE <br />Section 4.01 – Sale <br />Section 4.02 – Proceeds of a Sale <br /> <br />Article V – COMPLIANCE WITH G.O. COMPLIANCE LEGISLATION <br /> AND THE COMMISSIONER’S ORDER <br />Section 5.01 – State Bond Financed Property <br />Section 5.02 – Preservation of Tax Exempt Status <br /> Section 5.03 – Changes to G.O. Compliance Legislation or the <br /> Commissioner’s Order <br /> <br />Article VI – DISBURSEMENT OF GRANT PROCEEDS <br />Section 6.01– The Advances <br />Section 6.02 – Draw Requisitions <br />Section 6.03 – Additional Funds <br />Section 6.04 – Conditions Precedent to Any Advance <br />Section 6.05 – Construction Inspections <br />DocuSign Envelope ID: 29DBC2D4-A2F2-444E-B71D-02719EA430EB