Common use of Expenditure of Grant Funds Clause in Contracts

Expenditure of Grant Funds. 1. The grant funds are restricted to the uses as described above and are to be used in accordance with the approved budget. 2. If the approved budget involves charging indirect costs as a percent of direct program costs, the indirect rate should be applied to actual expenditures for each grant period. 3. All earnings on the investment of the Grant interest and other income earned on the investment of the Grant from the time of the award to expenditure is to be used only for the purposes described in the Grant Documentation. 4. Budget revisions of $10,000 or more and/or any significant changes in the original program plan must be reported and approved in writing in advance by FAMRI.

Expenditure of Grant Funds. 1. The grant funds are restricted to the uses as described above and are to be used in accordance with the approved budget. 2. If the approved budget involves charging indirect costs as a percent of direct program costs, the indirect rate should be applied to actual expenditures for each grant period. 3. All earnings on the investment of the Grant interest and other income earned on the investment of the Grant from the time of the award to expenditure is are to be used only for the purposes described in the Grant Documentation. 4. Budget revisions of $10,000 or more and/or any significant changes in the original program plan must be reported and approved in writing in advance by FAMRI.

Expenditure of Grant Funds. 1. The grant funds are restricted to the uses as described above and are to must be used in accordance with the approved budget. 2. If the approved budget involves charging indirect costs as a percent of direct program costs, the indirect rate should shall be applied to actual expenditures for each grant period. 3. All earnings on the investment of the Grant interest and other income earned on the investment of the Grant from the time of the award to expenditure is to shall be used only for the purposes described in the Grant Documentation. 4. Budget revisions of $10,000 or more and/or any significant changes in the original program plan must be reported and approved in writing in advance by FAMRI.