So will the City pay the vendors and contractors before getting reimbursed from the state fund?  Or will the City submit the invoices to the state, wait for the state to reimburse them and then pay the vendors and contractors?  If the former, the vendors will squawk and maybe walk off the job (like they did at HNL) because they are not getting paid in a timely manner.  If the latter, then the City's borrowing costs go up as they have to float more bonds waiting for the state to reimburse them.  


Yeah, this will work out just fine.