Revisions to the Project Budget. A revision to the budget may be made without a formal amendment, upon approval from the State, when the proposed revision involves an increase in one category and a corresponding decrease in another, provided, that any such revision meets all of the following criteria: i. Does not result in the need for additional funds, ii. Does not exceed ten percent (10%) of the current total approved budget and the federal or state funding exceeds $100,000, iii. Does not exceed the current total approved budget, iv. Does not involve a transfer of funds from an authorized capital equipment purchase to another category,
Appears in 4 contracts
Samples: Public Transportation Master Grant Agreement, Master Grant Agreement, Public Transportation Master Grant Agreement
