Common use of Fiscal Capacity Clause in Contracts

Fiscal Capacity. The financial ability of the organization to (a) pre-finance the proposed project in anticipation of any federal/State reimbursements, (b) fund any required local project fiscal shares, (c) manage continued cash flow to avoid work stoppages while awaiting federal/State reimbursements during project construction, and (d) maintain and operate the proposed project asset (when completed) in addition to all other assets/obligations, etc.

Fiscal Capacity. The financial ability of the organization to (a) pre-finance the proposed project in anticipation of any federal/State reimbursements, (b) fund any required local project fiscal shares, (c) manage continued cash flow to avoid work stoppages while awaiting await- ing federal/State reimbursements during project construction, and (d) maintain and operate the proposed project asset (when completed) in addition to all other assets/obligations, etc.

Fiscal Capacity. The financial ability of the organization to (a) pre-finance the proposed project in anticipation of any federal/State reimbursements, (b) fund any required local project pro- ject fiscal shares, (c) manage continued cash flow to avoid work stoppages while awaiting federal/State reimbursements during project construction, and (d) maintain and operate the proposed project asset (when completed) in addition to all other assets/obligations, etc.