Common use of Funding Ratio Clause in Contracts

Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 80% of the total Project costs eligible for federal participation, including, but not limited to, administration, engineering, right-of-way, utility, railroad relocation and construction costs, except for State’s review costs, which will be borne 100% by the State. The State shall not be responsible for expenses incurred by the Subrecipient except as specified in this Agreement.

Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 8090% of the total Project costs eligible for federal participation, including, but not limited to, administration, engineering, right-of-way, utility, railroad relocation and construction costs, except for State’s review costs, which will be borne 100% by the State. The State shall not be responsible for expenses incurred by the Subrecipient except as specified in this Agreement.

Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 80100% of the total Project construction costs eligible for federal participation, including, but not limited to, administration, engineering, right-of-way, utility, railroad relocation and construction costs, except for State’s review costs, which will be borne 100% by the State. The State shall not be responsible for expenses incurred by the Subrecipient except as specified in this Agreement.

Funding Ratio. Up to the maximum limiting amount (MLA) shown below, the State agrees to pay 80100% of the total Project costs eligible for federal participation, including, but not limited to, administration, engineering, right-of-way, utility, railroad relocation and construction costs, except for State’s review costs, which will be borne 100% by the State. The State shall not be responsible for expenses incurred by the Subrecipient except as specified in this Agreement.