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SECTION 10-DISBURSEMENT SCHEDULE <br /> For project expenses: The BORROWER shall prepare a periodic progress report <br /> which contains a statement of the PROJECT costs expended for that period and <br /> shall forward said statement to the CWCB. After receipt of the periodic progress <br /> report from the BORROWER, and review and acceptance of the items therein as <br /> eligible expenses, as described above, the CWCB will pay to the BORROWER the <br /> amount set forth in the report or such portion that has been approved by the <br /> CWCB. Such payment shall be made within thirty (30) days from the CWCB's <br /> approval of each progress report. <br /> SECTION 11 -TIME FOR PERFORMANCE <br /> PROJECT BEGINS: Upon Effective Date of this CONTRACT (the date this CONTRACT iS <br /> signed by the State Controller or his designee). <br /> PROJECT END DATE: Three (3) years from the Effective Date of this CONTRACT <br /> [THE REST OF THIS PAGE INTENTIONALLY LEFT BLANK] <br /> Appendix 1 <br /> Page 4 of 4 <br />