Common use of Approved Project Budget Clause in Contracts

Approved Project Budget. Except to the extent that FTA determines otherwise in writing, the Recipient agrees as follows: The Recipient will prepare a Project budget which, upon approval by FTA, is designated the “Approved Project Budget.” The Recipient will incur obligations and make disbursements of Project funds only as authorized by the latest Approved Project Budget, which will be incorporated by reference and made part of the underlying Grant Agreement or Cooperative Agreement for the Project. The Recipient agrees that an amendment to the Approved Project Budget requires the issuance of a formal amendment to the underlying Grant Agreement or Cooperative Agreement, except that re-allocation of funds among budget items or fiscal years that does not increase the total amount of the Federal assistance awarded for the Project may be made consistent with applicable Federal laws and regulations, in accordance with the most recent applicable Federal directives and FTA guidance. The Recipient agrees to obtain prior FTA approval before making transfers of funds not expressly authorized in FTA circulars or other directives. The Recipient also agrees to obtain prior written approval for any budget revision that would result in the need for additional Federal assistance. An award of additional Federal assistance will require a new Approved Project Budget. If the Recipient estimates that it will have unobligated funds remaining after the end of the performance period of the Project, the Recipient agrees to report this to FTA at the earliest possible time and ask for disposition instructions.

Approved Project Budget. Except to the extent that FTA determines otherwise in writing, the Recipient agrees as follows: The Recipient will agrees to prepare a Project budget which, upon approval by FTA, is designated the “"Approved Project Budget.” " The Recipient will agrees to incur obligations and make disbursements of Project funds only as authorized by the latest Approved Project Budget, which will be . The Recipient agrees that the latest Approved Project Budget is incorporated by reference and made part of the underlying Grant Agreement or Cooperative Agreement for the Project. The Recipient agrees that an An amendment to the Approved Project Budget requires the issuance of a formal amendment to the underlying Grant Agreement or Cooperative AgreementAgreement for the Project, except that re-allocation re‑allocation of funds among budget items or fiscal years that does not increase the total amount of the Federal assistance awarded for the Project may be made consistent with applicable Federal laws laws, regulations and regulationsdirectives. Prior FTA approval is required for transfers of funds from non‑construction to construction categories or vice versa or when, in accordance with non‑construction grants, cumulative transfers of funds between total direct cost categories exceed ten (10) percent of the most recent applicable Federal directives and FTA guidancetotal budget. The Recipient agrees to obtain prior FTA approval before making transfers of funds not expressly authorized in FTA circulars or other directives. The Recipient also agrees to obtain prior written approval for any budget revision that would result in the need for additional Federal assistancefunds. An The Recipient agrees that an award of additional Federal assistance will require a new Approved Project Budget. If the Recipient estimates that it will have unobligated funds remaining after the end of the performance period of the Project, the Recipient agrees to report this to FTA at the earliest possible time and ask for disposition instructions.

Approved Project Budget. Except to the extent that FTA determines otherwise in writing, the Recipient agrees as follows: The Recipient will agrees to prepare a Project budget which, upon approval by FTA, is designated the “"Approved Project Budget.” " The Recipient will agrees to incur obligations and make disbursements of Project funds only as authorized by the latest Approved Project Budget, which will be . The Recipient agrees that the latest Approved Project Budget is incorporated by reference and made part of the underlying Grant Agreement or Cooperative Agreement for the Project. The Recipient agrees that an An amendment to the Approved Project Budget requires the issuance of a formal amendment to the underlying Grant Agreement or Cooperative AgreementAgreement for the Project, except that re-allocation of funds among budget items or fiscal years that does not increase the total amount of the Federal assistance awarded for the Project may be made consistent with applicable Federal laws laws, regulations and regulationsdirectives. Prior FTA approval is required for transfers of funds from non-construction to construction categories or vice versa or when, in accordance with non-construction grants, cumulative transfers of funds between total direct cost categories exceed ten (10) percent of the most recent applicable Federal directives and FTA guidancetotal budget. The Recipient agrees to obtain prior FTA approval before making transfers of funds not expressly authorized in FTA circulars or other directives. The Recipient also agrees to obtain prior written approval for any budget revision that would result in the need for additional Federal assistancefunds. An The Recipient agrees that an award of additional Federal assistance will require a new Approved Project Budget. If the Recipient estimates that it will have unobligated funds remaining after the end of the performance period of the Project, the Recipient agrees to report this to FTA at the earliest possible time and ask for disposition instructions.

Approved Project Budget. Except to the extent that FTA determines otherwise in writing, the Recipient agrees as follows: The Recipient will prepare a Project budget which, upon approval by FTA, is designated the “"Approved Project Budget.” " The Recipient will incur obligations and make disbursements of Project funds only as authorized by the latest Approved Project Budget, which will be incorporated by reference and made part of the underlying Grant Agreement or Cooperative Agreement for the Project. The Recipient agrees that an An amendment to the Approved Project Budget requires the issuance of a formal amendment to the underlying Grant Agreement or Cooperative Agreement, except that re-allocation of funds among budget items or fiscal years that does not increase the total amount of the Federal assistance awarded for the Project may be made consistent with applicable Federal laws laws, regulations and regulationsdirectives. Prior FTA approval is required for transfers of funds from non-construction to construction categories or vice versa or when, in accordance with non-construction grants, cumulative transfers of funds between total direct cost categories exceed ten (10) percent of the most recent applicable Federal directives and FTA guidancetotal budget. The Recipient agrees to obtain prior FTA approval before making transfers of funds not expressly authorized in FTA circulars or other directives. The Recipient also agrees to obtain prior written approval for any budget revision that would result in the need for additional Federal assistancefunds. An award of additional Federal assistance will require a new Approved Project Budget. If the Recipient estimates that it will have unobligated funds remaining after the end of the performance period of the Project, the Recipient agrees to report this to FTA at the earliest possible time and ask for disposition instructions.