Common use of Amount of the Local Share Clause in Contracts

Amount of the Local Share. Local share requirements established by Federal statutory requirements vary depending on the following provisions accompanying the source of funding: (1) Statutory and regulatory requirements of the Federal program for which funding for the Project will be derived, (2) Applicable Federal guidance providing interpretations of Federal laws and regulations, including any restrictions that apply due to the specific fiscal year of the Federal funding, and (3) Specifically for the Tribal Transit Program: (a) The Tribal Transit Formula Program under MAP-21 does not require a local share, (b) Except as FTA determines otherwise in writing, the Tribal Transit Discretionary Program under MAP-21 requires a minimum ten (10) percent local share, and (c) The Tribal Transit Program, Discretionary Only, in effect in FY 2012 or a previous fiscal year does not require a local share,

Appears in 5 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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