Common use of Federal Contribution Clause in Contracts

Federal Contribution. 19TThe Federal Contribution provided by NRCS, also known as the Federal Share, for the acquisition of each Agricultural Land Easement acquired by the 19TENTITY shall be an amount not to exceed 75 percent of the fair market value of the Agricultural Land Easement as determined by the United States. The Federal Contribution cannot be used for closing or related administrative costs incurred by the ENTITY in acquiring the Agricultural Land Easement. The Federal Contribution for the Parcels must be determined using an appraisal performed by a certified general appraiser in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP) or Uniform Appraisal Standards for Federal Land Acquisitions (UASFLA) and NRCS appraisal standards and specifications provided as exhibit 4 to this agreement. The ENTITY must submit two copies of each appraisal to NRCS no less than 90 days before the proposed closing date for a technical review. Electronic copies may be submitted with approval of the NRCS State ACEP contact. Easements will not be closed until a technical review is completed on each appraisal and any deficiencies are resolved.