Common use of Other Basis for FTA Participation Clause in Contracts

Other Basis for FTA Participation. If Federal law or FTA permits a Project to be financed on another basis than its “Net Project Cost,” as defined in 49 U.S.C. § 5302, as amended by MAP-21, or under applicable previous authorizing legislation: (a) FTA will provide Federal funds for all or part of the estimated Project cost that is eligible for Federal funding, (b) In some instances, FTA has discretion to determine the amount of Federal funding to provide for a specific Project, and (c) FTA will use the amount stated in the Underlying Agreement awarding funding for the Project as the “Estimated Total Eligible Cost” to calculate the “Maximum FTA Amount Awarded.”

Other Basis for FTA Participation. If Federal law or FTA permits a Project to be financed on another basis than its “Net Project Cost,” as defined in 49 U.S.C. § 5302, as amended by MAP-21, or 49 U.S.C. § 5302 under applicable previous authorizing legislation: (a) FTA will provide Federal funds for all or part of the estimated Project cost that is eligible for Federal funding, (b) In some instances, FTA has discretion to determine the amount of Federal funding to provide for a specific Project, and (c) FTA will use the amount stated in the Underlying Agreement awarding funding for the Project as the “Estimated Total Eligible Cost” to calculate the “Maximum FTA Amount Awarded.”