==== 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.
__**4.03.02**__\\
Grant Applications must be approved by a simple majority vote at a regularly-scheduled, quorum House Meeting.
__**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.
__**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.
__**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.
__**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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