Project Expenditures. The Subgrantee agrees to expend all project (grant and matching) funds received under this agreement solely for the purposes for which they were authorized and appropriated. Grant and matching expenditures shall be in compliance with the state and federal guidelines for allowable project costs. State guidelines for allowable costs are outlined in the Department of Financial Services’ Reference Guide for State Expenditures (as of October 2022), incorporated by reference, which are available online at xxxxxxxxxxxx.xxx/xxxx-xx/xxxxxxxxxx-xxx-xxxxxxxx-xxxxxxxxx/xxxxx-xxxxxxxx/xxxxxxxxx- guide-for-state-expenditures.pdf?sfvrsn=b4cc3337_2. Federal guidelines for allowable costs can be found at xxx.xxx/xxxxx/xxx/XXX-0000-xxxxx0-xxx0/xxx/XXX-0000-xxxxx0-xxx0- part200-subpartE.pdf in 2 CFR Part 200, Subpart E – Cost Principles (as of September 2019), incorporated by reference. In addition, the following are not allowed as grant or matching expenditures:
Project Expenditures. The Grantee agrees to expend all project (grant and matching) funds received under this agreement solely for the purposes for which they were authorized and appropriated. Grant and matching expenditures shall be in compliance with the state guidelines for allowable project costs as outlined in the Department of Financial Services’ Reference Guide for State Expenditures, incorporated by reference (as of October 2022), which are available online at xxxxxxxxxxxx.xxx/xxxx-xx/xxxxxxxxxx-xxx-xxxxxxxx- libraries/state-agencies/reference-guide-for-state-expenditures.pdf?sfvrsn=b4cc3337_2. In addition, the following are not allowed as grant or matching expenditures:
a) In-kind services.
b) Routine maintenance costs of project signs.
Project Expenditures. The Borrower shall, and shall cause the Relevant Parties, Manager and Operators to, operate and maintain the Projects pursuant to the then-current Operating Budget, the O&M Agreements, the Portfolio Documents, all other agreements with respect to the Project (including any provisions of any manufacturer, installer or other warranties), Prudent Industry Practices and applicable Law.
Project Expenditures. The Grantee agrees to expend all project (grant and matching) funds received under this agreement solely for the purposes for which they were authorized and appropriated. Grant and matching expenditures shall be in compliance with the state guidelines for allowable project costs as outlined in the Department of Financial Services’ Reference Guide for State Expenditures (as of October 2022), incorporated by reference, which are available online at xxxxx://xxxxxxxxxxxx.xxx/docs-sf/accounting-and-auditing- libraries/state-agencies/reference-guide-for-state-expenditures.pdf?sfvrsn=b4cc3337_2. Grant and matching funds may not be used for construction, food, motor vehicles or other expenditures not allowable under Florida Statutes. In addition, the following are not allowed as grant expenditures:
1. Activities that are not resource sharing.
2. Activities that are not in alignment with the Library Cooperative Grant Program priorities or approved application and project revisions.
Project Expenditures. The Authorizing Official shall request disbursements from the Fiscal Sponsor using the form provided in Schedule D. Use of disbursements to the Sponsored Organization will be restricted to the support and implementation of the Project only. Any funds disbursed to the Sponsored Organization that are not used for the Project shall be returned to the Fiscal Sponsor.
Project Expenditures. The Grantee agrees to expend all project (grant and matching) funds received under this agreement solely for the purposes for which they were authorized and appropriated. Grant and matching expenditures shall be in compliance with the state guidelines for allowable project costs as outlined in the Department of Financial Services’ Reference Guide for State Expenditures (as of July 2022), incorporated by reference, which are available online at xxxxx://xxx.xxxxxxxxxxxx.xxx/docs-sf/accounting-and-auditing- libraries/state-agencies/referenceguideforstateexpenditures.pdf. Grant and matching funds may not be used for construction, food, motor vehicles or other expenditures not allowable under Florida Statutes. In addition, the following are not allowed as grant expenditures:
1. Activities that are not resource sharing.
2. Activities that are not in alignment with the Library Cooperative Grant Program priorities or approved application and project revisions.
Project Expenditures. The Recipient shall promptly notify Ontario of any cost overrun or change orders that may have a Material Adverse Effect on the Project as compared with the Project Investment Commitment Budget, as set forth in Schedule “B-1”, attached hereto. Ontario will not be obliged to fund any such overrun of costs and may require proof of payment prior to any further Disbursements.
Project Expenditures. The Grantee shall include an updated milestone/invoicing schedule with invoices completed to date and anticipated milestone completion dates for the duration of the grant. While Commerce does not anticipate requiring more detailed expenditure information as part of quarterly reporting, Grantee shall maintain project fiscal records in alignment with Generally Accepted Accounting Principles (GAAP) and in sufficient detail to show that a) grant funding has been spent only on eligible costs as outlined in Attachment D: Sample Application Manual, and b) grant funds have not been comingled with any non-grant (match) funds.
Project Expenditures. (a) The Company will provide periodic reports and budget updates on a monthly basis. If at any time prior to the Formation Date, the actual plus the projected costs for the Centennial Project as set forth in the Company's budget for all pre-Commencement Date costs, including, without limitation, any repairs necessitated by the in-line inspection and survey or the hydrotest described in Section 7.6(b), or the acquisition of the rights-of-way for the Beaumont, Texas to Longville, Louisiana line segment, exceed Two Hundred Fifty Million Dollars ($250,000,000), excluding any costs expressly assumed by one or more of the Parties pursuant to this Agreement, any Party may terminate this Agreement upon written notice to the other Parties given within ten (10) days of receipt of such actual and projected cost information from the Company. The failure of any Party to timely provide such notice of termination will be deemed a waiver of such Party's right to terminate pursuant to this Section.
(b) If prior to the Commencement Date, the actual plus projected costs as set forth in the Company's budget for all pre-Commencement Date costs related to the hydrotest described in Section 7.6(c) and any repairs to or replacements of portions of the Trunkline 26 related thereto or resulting therefrom, exceeds Sixty Million Dollars ($60,000,000), excluding any costs expressly assumed by one or more of the Parties pursuant to this Agreement, any Party may, upon written notice to the other Parties given within ten (10) days of receipt of such cost information from the Company, terminate this Agreement if such notice is effective before the Formation Date, or withdraw from this Agreement if such notice is effective after the Formation Date. The failure of any Party to timely provide such notice of termination or withdrawal, as the case may be, will be deemed a waiver of such Party's right to terminate or withdraw pursuant to this Section.
(c) If, after the occurrence of a cost increase projection as described in Section 7.10(a) or Section 7.10(b), no Party has elected to terminate this Agreement, and a new budget of actual and projected costs from the Company shows an increase of at least Fifteen Million Dollars ($15,000,000) from such previous amounts, then each Party will be entitled to a new election, upon written notice to the other Parties given within ten (10) days of receipt of such cost information from the Company, to terminate or withdraw from (as the case may be) this Ag...
Project Expenditures. A. The proceeds of the Sub-award must be used to pay Eligible Costs. CHFA shall determine the Owner’s compliance with this requirement at the time of construction completion based upon a review of the Cost Certification for the Project. CHFA may establish such additional limitations on the expenditure of TCEP Funds as it determines are appropriate to ensure compliance with Program Requirements.
B. In the event that CHFA shall determine that the proceeds of the Sub-award have been used to pay non-Eligible Costs, whether such costs are non-Eligible Costs because they are not approved as Eligible Costs in accordance with this Agreement or because they violate Program Requirements, CHFA shall provide the Owner with written notice thereof and the Owner shall pay, in immediately available funds within ten (10) Business Days from the date of said notice, an amount equal to that portion of the Sub-award used to pay non-Eligible Costs to CHFA.
