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City of Redwood City <br />22-PIP-17871 <br />Page 5 of 5 <br />EXHIBIT B <br /> <br />Prohousing Incentive Pilot (PIP) Program <br />NOFA Date: 12/15/2022 <br />Approved Date: 06/12/2023 <br />Preparation Date: 08/24/2023 <br />K. The Department may withhold Grant funds until the grant terms have been <br />fulfilled. <br /> <br />L. The Department may withhold eligible Program Grants in future program <br />years until terms of this Agreement have been fulfilled to the satisfaction of <br />the Department. <br /> <br />7. Budget Contingency Clause <br /> <br />A. It is mutually agreed that if the Budget Act of the subsequent years <br />covered under this Agreement does not appropriate sufficient funds for the <br />program this Agreement shall remain in force and effect until the time of <br />notice of reduced or terminated appropriation, The Agreement shall be <br />terminated by the State by providing Grantee written notice of not less <br />than thirty days prior to the effective date of the termination. In the event of <br />termination by the State due to lack of Budget appropriation, the State and <br />Grantee shall be relieved of any and all obligations under this Grant <br />Agreement on the effective date of termination and the Grantee shall <br />return the amount for subsequent year allocations. <br /> <br />B. Subject to Section 7A above, if funding for any fiscal year is reduced or <br />deleted by the Budget Act for purposes of this program, the State shall <br />have the sole discretion to cancel this Agreement without cause, no <br />liability occurring to the State, or amend the current Grant Agreement and <br />amount allocated to Grantee. <br />