Eligible Project Costs. Except as the Federal Government determines otherwise in writing, the Recipient agrees to seek and obtain FTA funds awarded in the Underlying Agreement only for eligible Project costs that are:
Eligible Project Costs. Upon review of the TIF Unit staff, the Board shall consider for approval Developer’s request(s) for reimbursement of eligible Project Costs. Costs shall be considered eligible only if approved by the Board, incurred directly and specifically in the performance of, and in compliance with this Agreement and with all applicable laws.
Eligible Project Costs. The Grant Funds may be used only for Grantee’s actual Project costs to the extent those costs are (a) reasonable, necessary and directly used for the Project; and (b) eligible or permitted uses of the Grant Funds under, as applicable, federal and State law and this Agreement and are (c) not excluded from reimbursement or payment as a result of any later financial review or audit (“Eligible Project Costs”). Eligible Project Costs do not include any expenditures incurred outside of the Grant Period.
Eligible Project Costs. (a) Eligible Project costs are the costs directly or indirectly related to the work identified in the Project Description. Additionally, the Grantee may receive reimbursement up to fifteen percent (15%) of the direct funded amount for Indirect Costs.
Eligible Project Costs. Except as the State Government determines otherwise in writing, the Subrecipient agrees to seek and obtain funds awarded in the Project Grant Agreement only for eligible Project costs that are:
Eligible Project Costs. Per the SBA SOP, eligible uses of 504 loan funds are those directly attributable and essential to the project, including: • Land and necessary land improvements • Building and building improvements • Construction • Contingency Fund (not to exceed 10% of the Project construction costs) • Machinery and equipment • Costs associated with transportation, dismantling and installation of equipment • Furniture and fixtures (if essential to and a minor part of the Project) • Interim interest • Interim financing costs • Professional fees including: Appraisals Environmental Reports Title searches, title insurance and title closing Surveys Municipal and utility fees for construction Engineering costs Architectural fees
Eligible Project Costs. Costs shall be considered eligible only if approved by the Board, incurred directly and specifically in the performance of, and in compliance with this Agreement and all applicable laws.
Eligible Project Costs. Grantee shall apply State funds received only to eligible Project Costs in accordance with applicable provisions of the law and Exhibit C, Project Budget. Eligible project costs include the reasonable costs of conducting meetings, stakeholder outreach and engagement, collecting data and information, and developing and writing the IRWM plan, including administrative costs and incidental costs. Work performed after the date of grant award, February 22, 2011, shall be eligible for reimbursement. Reasonable administrative expenses may be included as Project Costs and will depend on the complexity of the project preparation, planning, coordination and collaboration. Reimbursable administrative expenses are the necessary costs incidentally but directly related to the project including an appropriate pro-rata allocation of overhead and administrative expenses that are regularly assigned to all such projects in accordance with the standard accounting practices of the Grantee. Advanced funds cannot be provided. Costs that are not eligible for reimbursement include but are not limited to:
Eligible Project Costs. The AGENCY agrees that the costs reported to MDOT for each PROJECT AUTHORIZATION will represent only those items that are properly chargeable in accordance with this Agreement. The AGENCY also certifies that it has read the Agreement terms and has made itself aware of the applicable laws, regulations, and terms of this Agreement that apply to the reporting of costs incurred under the terms of this Agreement. DIRECT RECIPIENTS: PART 200 governs the grant administration, cost principles, and audit requirements for FEDERAL AWARDS. Application of PART 200 is not automatic. Individual agency regulations and the terms and conditions of individual federal awards determine if and how PART 200 affects a specific award. It is the AGENCY’s responsibility to determine PART 200’s applicability and to notify MDOT in writing of that determination. SUBRECIPIENTS: PROJECT AUTHORIZATIONS that reimburse operating expenses must comply with the Local Public Transit Revenue and Expense Manual except for PROJECT AUTHORIZATIONS under the Specialized Services Program. (Please see Section 21.) PROJECT AUTHORIZATIONS that reimburse capital expenses must comply with the terms of this Agreement and MDOT’s purchasing/procurement requirements. Travel costs must be in accordance with and not to exceed the amounts set forth in the current State of Michigan Standardized Travel Regulations. Insurance proceeds received for all losses, after deductibles are met, will be used for replacement/repair before state and/or FEDERAL funds are used. If the AGENCY receives state and/or FEDERAL operating funds for more than one PROJECT, a narrative cost allocation methodology is required and must be submitted to MDOT for approval.
