==== 4.03 Facilities Grants – Physical Development Grants ==== ---- __**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. \\ ---- ~~DISCUSSION~~ {{tag>[title_04]}}