At this time our attorneys will talk to the principals attorney. Deposit of dollars into US Bank. Begin distribution according to budget. Distribution begins within 60 days by contract. Generally speaking, distribution begins 30 days after the bank has verified the origin of money deposited, and the clearing of funds.
Distribution is every thirty days based upon budget.
Client provides copies of all checks written toward budget. This is a check and balance to assure the dollars go toward the budget only. With preagreement, PCI will spend its dollars first with the commitment that the AA dollars will flow into the very same project. Or PCI will hold the applicants deposit in reserve, and fund the entire project. Deposit can be held in cash reserve.