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  • State Growth will commit to an agreed payment timetable based on the terms of the agreement and the amount funded for the approved project. For example, a project grant could be funded at key milestones (negotiated for each project), and/or at the project completion.
  • State Growth may select a project at random for financial and/or compliance auditing.
  • The local council is responsible for the project and the management of all associated activities and risks. State Growth’s role is to provide funding.
  • Funding for the project, including what is received from State Growth, must be included in the local council’s annual reporting.