Net Project Cost definition

Net Project Cost. The Recipient agrees that if federal law or regulation requires an Underlying Agreement to be financed based on its “Net Project Cost,” as defined in 49 U.S.C. § 5302: (i) FTA will provide federal assistance for a percentage of the portion of the “Total Award Budget” that the Recipient cannot reasonably finance from its revenues, which is the “Net Project Cost;” (ii) FTA will use the amount of the “Total Award Budget” stated on the Underlying Agreement to calculate the “Total FTA Amount Awarded and Obligated;” and (iii) In TrAMS, the amount stated as the “Total Award Budget” on the Underlying Agreement is actually the “Net Project Cost,” as defined in 49 U.S.C. § 5302.
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Net Project Cost means that term as defined in former section 110(f) of title 1 of the housing act of 1949.
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Net Project Cost means that term as defined in former section 110 of the housing act of 1949, 42
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Examples of Net Project Cost in a sentence

  • The Project Credits shall be the first funds expended on the Project and the Power Authority shall not begin financing any part of the Net Project Cost until the Project Credits have been fully expended.

  • The Net Project Cost shall equal the Total Project Cost as defined herein less the Project Credits, which is the portion of the Project Cost borne by Xxxxxx Lake (capped at $ 3.2 million in 2004 dollars) and Lake Placid (capped at $ 6.5 million in 2004 dollars).

  • Metra, at its sole discretion, may agree in writing to increase the amount of the Grant Funding subject to the approval of Metra’s Executive Director, but in no event shall the total amount provided by Metra under this Agreement exceed the actual Net Project Cost.

  • For any Project not required by Federal law or FTA to be financed on the basis of its "Net Project Cost" as defined by 49 U.S.C. § 5302(a)(8), FTA intends to provide Federal assistance to the Recipient for all or part of the total Project cost that is eligible for Federal assistance.

  • Net Project Cost: the portion of the eligible Operating Expenses or Total Project Cost to be assisted with federal funds which cannot be reasonably financed from revenues.


More Definitions of Net Project Cost

Net Project Cost. For any Project required by Federal law or by FTA to be financed on the basis of its “Net Project Cost” as defined at 49 U.S.C. § 5302(a)(8), FTA intends to provide Federal assistance to the Recipient for that portion of the Project cost that cannot reasonably be financed from the Recipient’s revenues, i.e., “Net Project Cost” of the Project. Therefore, the amount stated as the “Estimated Total Eligible Cost” on the Grant Agreement or Cooperative Agreement for the Project is the “Estimated Net Project Cost” and is the amount that forms the basis on which FTA will calculate the amount of Federal assistance awarded for the Project.
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Net Project Cost means the cost of the Project that cannot reasonably be financed from the Grantee's revenues.
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Net Project Cost. If Federal law(s) or regulation(s) requires an FTA-funded Project to be financed on the basis of its “Net Project Cost,” as defined in 49 U.S.C. § 5302(12), as amended by MAP-21, or 49 U.S.C. § 5302 under applicable previous authorizing legislation: (a) FTA will provide Federal funds for a percentage of the portion of the “Estimated Total Eligible Project Cost” that the Recipient cannot reasonably finance from its revenues, which is the “Net Project Cost,”
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Net Project Cost. If Federal law or regulation requires an FTA-funded Project to be financed on the basis of its “Net Project Cost,” as defined in 49 U.S.C. § 5302(12), as amended by MAP-21, or former 49 U.S.C. § 5302, under applicable previous authorizing legislation: (a) FTA will provide Federal funds for a percentage of the portion of the “Estimated Total Eligible Project Cost” that the Recipient cannot reasonably finance from its revenues, which is the “Net Project Cost,” (b) FTA will use the amount of the “Estimated Total Eligible Cost” stated on the Underlying Agreement to calculate the “Maximum FTA Amount Awarded,” and (c) In FTA’s Electronic Award and Management System, the amount stated as the “Estimated Total Eligible Cost” on the Underlying Agreement is actually the “Estimated Net Project Cost,” and
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Net Project Cost means the sum of the eligible costs incurred in performing the work on the Project, including work done by the Grantee, less proceeds from sale of scrap and replaced facilities.
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Net Project Cost. If federal law or regulation requires an Underlying Agreement to be financed on the basis of its “Net Project Cost,” as defined in 49 U.S.C. § 5302: (a) FTA will provide federal assistance for a percentage of the portion of the “Total Award Budget” that the Recipient cannot reasonably finance from its revenues, which is the “Net Project Cost,” (b) FTA will use the amount of the “Total Award Budget” stated on the Underlying Agreement to calculate the “Total FTA Amount Awarded and Obligated,” and (c) In FTA’s Electronic Award and Management System, the amount stated as the “Total Award Budget” on the Underlying Agreement is actually the “Net Project Cost,” as defined in 49 U.S.C. § 5302.
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Net Project Cost. ’ means the part of a project that reasonably
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