Common use of Use of Proceeds from the Disposition of Project Property Clause in Contracts

Use of Proceeds from the Disposition of Project Property. The Recipient understands and agrees that as required by 49 U.S.C. § 5334(h)(4) it must use the proceeds of any sale, uses, lease, or lease renewal to reduce the gross project cost of other eligible capital public transportation projects, and

Appears in 6 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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