Common use of Allocated Monies Clause in Contracts

Allocated Monies. The State of Michigan shall allocate $87,000,000 (the “Allocated Monies”) for the purposes identified in Paragraph 21. To fulfill the obligations under this Paragraph, the State of Michigan may use money from any source including, without limitation, direct appropriations from the State Legislature, federal appropriations or grants for which the State of Michigan acts as an administrator, or any state or federal forgivable loan program. Of the $87,000,000 Allocated Monies, $47,000,000 will be funds allocated by the State of Michigan from sources other than the WIIN Monies and the State Matching Funds. Of the $87,000,000 Allocated Monies, $20,000,000 will be the State Matching Funds appropriated by the State of Michigan related to the WIIN Act. Of the $87,000,000 Allocated Monies, no more than $20,000,000 will be WIIN Monies.