Common use of Allowable Expenditures Clause in Contracts

Allowable Expenditures. Grantee shall only be reimbursed for “Allowable Expenditures” actually and previously incurred by Grantee. “Allowable Expenditures” are Project expenditures that are: 4.3.1. Directly related to the installation of Broadband Infrastructure that facilitates 25/3 Broadband; 4.3.2. Utilized for the installation of Broadband Infrastructure in Targeted Service Areas identified in the Application/forming the basis of the Project (except and solely to the extent as otherwise permitted by an exception granted to a Grantee by the Office as part of the Application process, as permitted by and in accordance with Iowa Administrative Code chapter 129—22 and the NOFA); 4.3.3. Within the specific categories of expenditures set forth on and permitted by the Budget Plan; 4.3.4. Not incurred prior to the date of the issuance of this NOFA. Allowable Expenditures do not include expenditures that are: 4.3.5. Related to land buildings, structures, improvements, or equipment not directly used in the transmission of data via Broadband; 4.3.6. Related to the process of removing existing Broadband Infrastructure, fixtures, or other real property in preparation of the installation of the Broadband Infrastructure; 4.3.7. Indirect labor costs and/or administrative overhead; 4.3.8. Passthrough expenditures with respect to Grantee Contractors to the extent they are not the result of arm’s length transactions or are not reflective of fair-market rates. The Office may deny a request for reimbursement for any expenditures that do not constitute Allowable Expenditures, and Grantee shall not otherwise be entitled to reimbursement for any such expenditures.

Allowable Expenditures. Grantee shall only be reimbursed for “Allowable Expenditures” actually and previously incurred by GranteeXxxxxxx. “Allowable Expenditures” are Project expenditures that are: 4.3.1. Directly related to the installation of Broadband Infrastructure that facilitates 25/3 Broadband; 4.3.2. Utilized for the installation of Broadband Infrastructure in Targeted Service Areas identified in the Application/forming the basis of the Project (except and solely to the extent as otherwise permitted by an exception granted to a Grantee by the Office as part of the Application process, as permitted by and in accordance with Iowa Administrative Code chapter 129—22 and the NOFA); 4.3.3. Within the specific categories of expenditures set forth on and permitted by the Budget Plan; 4.3.4. Not incurred prior to the date of the issuance of this NOFA. Allowable Expenditures do not include expenditures that are: 4.3.5. Related to land buildings, structures, improvements, or equipment not directly used in the transmission of data via Broadband; 4.3.6. Related to the process of removing existing Broadband Infrastructure, fixtures, or other real property in preparation of the installation of the Broadband Infrastructure; 4.3.7. Indirect labor costs and/or administrative overhead; 4.3.8. Passthrough expenditures with respect to Grantee Contractors to the extent they are not the result of arm’s length transactions or are not reflective of fair-market rates. The Office may deny a request for reimbursement for any expenditures that do not constitute Allowable Expenditures, and Grantee shall not otherwise be entitled to reimbursement for any such expenditures.