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

  • 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.


More Definitions of Local funds

Local funds means cash provided for project or study implementation that is not derived from
Local funds means funds provided by any city, county or entity (public or private) for performance of the Work.
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.