Authorized Use of Grant Funds. 1) Grant funds may only be used for purposes authorized and allowed by this Agreement, for payment to Grantee for Eligible Expenses upon completion of the Project, or for such other purposes described under “Eligible Grant Purposes” in Exhibit B. “Eligible Expenses” are those expenses incurred by a Grantee as a direct result of the duties and obligations imposed upon Grantee by the terms of this Agreement to complete a Project. Expenses incurred by Grantee not in furtherance of its duties and obligations under this Agreement to complete a Project, including, but not limited to, any expenses incurred to deploy broadband infrastructure in any location outside of the Project Area, shall constitute “Ineligible Expenses” hereunder for which Xxxxxxx shall receive no reimbursement.
Authorized Use of Grant Funds. The Subrecipient must use Grant Funds only for costs that are: (1) FTA-eligible expenses; (2) in accordance with the Approved Budget; and (3) directly incurred for the Project during the Project Activity Period.
Authorized Use of Grant Funds. The purpose of the grant funds is to provide Grantee with funding available under Section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Expenditures must be used for actions taken to respond to the public health emergency declared by the Governor on March 11, 2020. Such actions may include expenditures incurred to allow Grantee to respond directly to the emergency, such as by addressing medical or public health needs, as well as expenditures incurred to respond to second-order effects of the emergency, such as by providing economic support to those suffering from employment or business interruptions due to COVID-19-related business closures. Grant payments may be used only to cover costs that were not accounted for in the Grantee’s budget most recently approved as of March 27, 2020. A cost meets this requirement if either: (a) the cost cannot lawfully be funded using a line item, allotment, or allocation within that budget or (b) the cost is for a substantially different use from any expected use of funds in such a line item, allotment, or allocation. The “most recently approved” budget refers to the enacted budget for the relevant fiscal period for the Grantee, without taking into account subsequent supplemental appropriations enacted or other budgetary adjustments made by the Grantee in response to the COVID-19 public health emergency. A cost is not considered to have been accounted for in a budget merely because it could be met using a budgetary stabilization fund, rainy day fund, or similar reserve account. A cost is “incurred” when the Grantee has expended funds to cover the cost. Expenditures using Fund payments must be “necessary.” Funds provided to Grantee as a direct payment from the State of Alaska pursuant to this grant agreement must adhere to official federal guidance issued or to be issued on what constitutes a necessary expenditure. Any funds expended by a political subdivision or its grantee(s) in any manner that does not adhere to official federal guidance shall be returned to the State of Alaska. Any funds provided pursuant to this grant agreement cannot be used as a revenue replacement for lower than expected tax or other revenue collections. Funds received pursuant to this grant agreement cannot be used for expenditures for which a local government entity has received any other emergency COVID-19 supplemental funding (whether state, federal or private...
Authorized Use of Grant Funds. The Subrecipient is only authorized to use the grant funds awarded under this Agreement for costs directly incurred for the Project during the Project’s Activity Period as specified in Section 6.01, and in accordance with the Approved Budget.
Authorized Use of Grant Funds. Grant funding may be used only for activities identified in the Grantee’s Grant Application, attached hereto as Exhibit A and hereby incorporated into this Agreement by this reference, and as approved by the City. Grantee is expressly prohibited from use of grant funds for any other purpose. Special Conditions: Specify any additional grant specific terms that apply to the Subrecipient which are not covered by the terms of this Agreement template. If there no special conditions, type “None.”
Authorized Use of Grant Funds. The Grantee is authorized to use the grant funds only to carry out the project as described in the Grantee’s application for grant assistance. Grant funds shall only be expended in accordance with the specifications and time frame contained in the Grant Application.
Authorized Use of Grant Funds
