Local funds definition

Local funds means funds under the control or in the cus- tody of any local government or local official that are not required to meet current expenditures or demands.

Local funds means the funds provided by the Local Agency as their obligated contribution to the federal and/or State Awards to receive the federal and/or State funding.

Local funds means funds provided by any city, county, or entity (public or private) for performance of the Work and includes in-kind contribution.

Examples of Local funds in a sentence

• Eligible Project Costs BUILD Xxxxx Xxxxxx: $2,000,000 Other Federal Funds: $0 State Funds: $0 Local Funds: $0 Other Funds: $0 Total Eligible Project Cost: $2,000,000 In ¶ 11 of the agreement cover sheet, the amount listed in the “Federal” column is the “BUILD Grant Amount” in this section 3.3; the amount listed in the “Non-Federal” column is the sum of the “Other Federal Funds,” “State Funds,” “Local Funds,” and “Other Funds” in this section 3.3.

• Clear Creek County will be reimbursed based on the ratio of Federal Funds share and Local Funds share set forth in the Project Budget above.

• Payments to Grantee of Grant Funds will be made for Project expenditures reported by Xxxxxxx and submitted to and accepted by the State for payment based on the ratio of required Federal Funds and Local Funds for which Grantee has submitted to the State.

• For CDOT accounting purposes, the Federal Funds of $12,500.00 (80%) for administrative costs and $37,500.00 (50%) for operating costs, and matching Local Funds of $3,125.00 (20%) for administrative costs and $37,500.00 (50%) for operating costs, will be encumbered for this Subaward Agreement.

• Clear Creek County may use eligible federal funds for the Local Funds share, but those funds cannot be from other Federal Department of Transportation (DOT) programs.

More Definitions of Local funds

Local funds means funds provided by any city, county or entity (public or private) for performance of the Work.

Local funds means cash provided for project or study implementation that is not derived from

Local funds means locally generated revenues and revenues received pursuant to Section 702(a) of the Covenant.

Local funds means revenue received from any locally imposed gross receipts tax, property tax, municipal gasoline tax, franchise fee, user fees or any other locally imposed fees or taxes, and enterprise activities, which can be lawfully used for transportation projects, but excluding state grants and loans and federal grants.

Local funds means all funds received from local jurisdictions that are used to meet the 33 percent matching funds requirement under Section C.2 of this Agreement.

Local funds means funding available from local funding partners contributing to the operation of the OATS system.

Local funds means funds that are not expended on warrants drawn or electronic funds transfers initiated by the comptroller.