Section 4440.2 - Progress Payments(a) Progress payments may be negotiated and authorized during the course of operation to assist in off setting the costs incurred in the delivery of the training plan. Progress payments shall not be authorized for more than 75 percent of the cost per trainee. Twenty-five percent shall be withheld until the trainee has been retained in employment for the specified employment-retention period following training.(b) When permitted by the Panel, progress payments shall be specified in the payment schedule of the contract and shall be authorized no more than once per month.(c) Progress payments shall be made as specified in the Agreement when accompanied by an invoice and the appropriate documentation substantiating the completion of the performance requirements.(d) Progress payments and the final payment may be suspended at the sole discretion of the Employment Training Panel if the Panel finds that the contractor is out of compliance with the terms and conditions of the Agreement. The Contractor shall be given written notice for the reason for the suspension of payment. The contractor must correct any deficiency which was the reason for the suspension of payment before the suspension of payment of funds will be revoked.Cal. Code Regs. Tit. 22, § 4440.2
1. New section filed 4-12-91; operative 4-12-91 pursuant to Government Code section 11346.2(d) (Register 91, No. 18).
2. Repealer of subsections (c)-(d) and subsection relettering filed 12-1-95; operative 12-1-95 pursuant to Government Code section 11343.4(d) (Register 95, No. 48).
3. Amendment of subsection (b), new subsection (d) and amendment of NOTE filed 7-19-96; operative 7-19-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 29). Note: Authority cited: Section 10205(l), Unemployment Insurance Code. Reference: Section 10209(f), Unemployment Insurance Code.
1. New section filed 4-12-91; operative 4-12-91 pursuant to Government Code section 11346.2(d) (Register 91, No. 18).
2. Repealer of subsections (c)-(d) and subsection relettering filed 12-1-95; operative 12-1-95 pursuant to Government Code section 11343.4(d) (Register 95, No. 48).
3. Amendment of subsection (b), new subsection (d) and amendment of Note filed 7-19-96; operative 7-19-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 29).