Recapture of Federal Investment. (i) During the first 10 years of the Useful Life Period, if the Project is not used for the purpose set forth in this Agreement or other use approved by the Secretary and the FHWA under subparagraph (c) above, then the City shall pay to the Secretary 100% of the federal funds invested in the Project.
Appears in 3 contracts
Samples: assets.lawrenceks.org, assets.lawrenceks.org, assets.lawrenceks.org
Recapture of Federal Investment. (i) During the first 10 5 years of the Useful Life Period, if the Project is not used for the purpose set forth in this Agreement or other use approved by the Secretary and the FHWA under subparagraph (c) above, then the City shall pay to the Secretary 100% of the federal funds invested in the Project.
Appears in 2 contracts
Samples: assets.lawrenceks.org, assets.lawrenceks.org
Recapture of Federal Investment. (i) During the first 10 ten (10) years of the Useful Life Period, if the Project is not used for the purpose set forth in this Agreement or other use approved by the Secretary and the FHWA under subparagraph (c) above, then the City Project Sponsor shall pay to the Secretary 100% of the federal funds invested in the Project.
Appears in 1 contract
Samples: opkansas.civicweb.net
Recapture of Federal Investment. (i) During the first 10 ten (10) years of the Useful Life Period, if the Project is not used for the purpose set forth in this Agreement or other use approved by the Secretary and the FHWA under subparagraph (c) above, then the City shall pay to the Secretary 100% of the federal funds invested in the Project.
Appears in 1 contract
Samples: opkansas.civicweb.net
