ARRA Funds definition
Examples of ARRA Funds in a sentence
In addition to the requirements described in “Use of ARRA Funds and Requirements,” proper accounting and reporting of ARRA expenditures in single audits is required.
Provider shall segregate obligations with respect to and expenditures of ARRA Funds from other sources of funding.
In addition, and without limitation on the foregoing, ARRA Funder acknowledges that the ARRA Funds are required to be disbursed to the Project to reimburse Eligible Costs on or before certain federally imposed deadlines ("Federal Deadlines").
Provider acknowledges that ARRA Programs will not be continued with the funds appropriated by DHS after ARRA Funds are expended and are no longer available.
Provider acknowledges that ARRA Projects will not be continued with the funds appropriated by DHS after ARRA Funds are expended and are no longer available.
Accordingly, ARRA Funder agrees that, on or before the date sixty (60) days prior to any applicable Federal Deadline, if no Event of Default has occurred and is continuing under the ARRA Fund Documents, all of the ARRA Funds which have not been disbursed to the Project will be disbursed to Lender to the extent Lender advanced Lender Loan funds to pay for or reimburse Borrower for Eligible Costs.
The Provider acknowledges that ARRA Projects will not be continued with the funds appropriated by DHS after ARRA Funds are expended and are no longer available.
ARRA Funder agrees that, on or before the date sixty (60) days prior to any applicable Federal Deadline, if no Event of Default has occurred and is continuing under the ARRA Fund Documents, all of the ARRA Funds which have not been disbursed to the Project will be disbursed to Lender to the extent Lender advanced Lender Loan funds to pay for or reimburse Borrower for Eligible Costs.
Because of the deferred disbursement schedule of ARRA Funds, Lender is required to "bridge" the disbursement of ARRA Funds by disbursing Lender Loan funds to pay for Eligible Costs.
ARRA Funds - This Contract may be funded in whole or in part with funds provided by the American Recovery and Reinvestment Act of 2009 (“ARRA”), signed into law on February 17, 2009.