Drawdowns. 1. The Grantee may draw down Choice Neighborhoods Grant funds for a Budget Line Item (BLI) in an amount up to 100 percent of the amount of that BLI that HUD has approved and made available for drawdown. 2. Any request for funds in excess of 10 percent of the entire grant amount in any month must be approved by HUD. The Grantee must submit copies of the invoices supporting the drawdown amount to the Team Coordinator for review.
Appears in 2 contracts
Samples: Choice Neighborhoods Implementation Grant Agreement, Choice Neighborhoods Implementation Grant Agreement
Drawdowns. 1. The Lead Grantee may draw down Choice Neighborhoods Grant funds for a Budget Line Item (BLI) in an amount up to 100 percent of the amount of that BLI that HUD has approved and made available for drawdown.
2. Any request for funds in excess of 10 ten (10) percent of the entire grant amount in any month must be approved by HUD. The Grantee must submit copies of the invoices supporting the drawdown amount to the Team Coordinator for review.
Appears in 2 contracts
Samples: Choice Neighborhoods Implementation Grant Agreement, Choice Neighborhoods Implementation Grant Agreement
Drawdowns. (1. ) The Lead Grantee may draw down Choice Neighborhoods Grant funds for a Budget Line Item (BLI) in an amount up to 100 percent of the amount of that BLI that HUD has approved and made available for drawdown.
(2. ) Any request for funds in excess of 10 ten (10) percent of the entire grant amount in any month must be approved by HUD. The Grantee must submit copies of the invoices supporting the drawdown amount to the Team Coordinator for review.
Appears in 1 contract
Samples: Choice Neighborhoods Implementation Grant Agreement
