Common use of Cost Limitations Clause in Contracts

Cost Limitations. (1) HOPE VI Grant funds may be used for eligible expenditures, as authorized under this Grant Agreement and the HOPE VI Requirements. HUD's TDC Limits and HCC Limits apply to the expenditure of public housing funds (including funds provided under this Grant Agreement) for the development of replacement housing units under this Grant Agreement. (2) If funds provided under this Grant Agreement are used in combination with other HOPE VI funds or with Capital Funds to carry out the Revitalization Plan, the TDC limits and the HCC Limits that apply to this HOPE VI Grant Agreement will apply to the expenditure of all such funds.

Appears in 10 contracts

Samples: Hope Vi Revitalization Grant Agreement, Grant Agreement, Hope Vi Revitalization Grant Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!