Common use of TITLE TO PROJECT PROPERTY Clause in Contracts

TITLE TO PROJECT PROPERTY. Title to all property purchased or constructed pursuant to this AGREEMENT shall rest with the AGENCY. However, the federal government retains a financial interest in any property purchased under this AGREEMENT which equals the original federal participation percentage times the current value.

Appears in 10 contracts

Samples: Transit Joint Participation Agreement, Transit Joint Participation Agreement, Transit Joint Participation Agreement

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