==== 4.03 Facilities Grants – Physical Development Grants ====
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__**4.03.01**__\\

The Facilities Committee will distribute up to 1.5% of the total annual Assessment of the SHC per contract period as Physical Development Grants for Houses.
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__**4.03.02**__\\

Grant Applications must be approved by a simple majority vote at a regularly-scheduled, quorum House Meeting.
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__**4.03.03**__\\

Houses must submit Grant Applications to the Vice President of Facilities at least 24 hours prior to the Facilities Committee meeting during which they will be reviewed.
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__**4.03.04**__\\

The Grant Application must include:

  - **a.** An explanation of the reason for the proposal.

  - **b.** Detailed cost estimates for all materials.

  - **c.** If the House will be contracting outside labor, the House must obtain 3 bids for the work unless the Vice President of Facilities waives this requirement.

  - **d.** A final cost estimate.

  - **e.** An estimated project completion date.
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__**4.03.05**__\\

The Vice President of Facilities may veto a proposal if they feel that funding the project would not positively impact the long-term physical development of the SHC.
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__**4.03.06**__\\

If a project runs over budget, the requesting House will be responsible for covering the difference.
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~~DISCUSSION~~
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