R661-7-701. Funding

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  (1) UNTF preference is to fund projects on a reimbursement basis. However, in exceptional circumstances the UNTF Administrator has the authority to make advance disbursements up to Five Thousand Dollars ($5,000.00) for mobilization expenses.

  (2) UNTF will disburse approved funding directly to Chapters, or identified and approved contractors and/or vendors.

  (3) The Chapter or UNTF will retain ten percent (10%) of the approved contractor billings until proof of completion of the housing project is provided to UNTF.

  (4) The Chapter shall provide UNTF staff with an annual report identifying percentage of project completion and an explanation of what remains to be completed.

                    
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