Restrictions on the Source of the Local Share Clause Samples
The "Restrictions on the Source of the Local Share" clause defines limitations on where the local portion of funding or resources for a project or agreement can originate. Typically, this clause specifies that the local share must come from certain approved sources, such as municipal funds, private contributions, or non-federal grants, and may prohibit the use of federal funds or in-kind contributions to meet the local share requirement. By clearly outlining acceptable sources, this clause ensures compliance with funding rules and prevents double-dipping or misuse of restricted funds, thereby maintaining the integrity of the funding structure.
Restrictions on the Source of the Local Share. The Recipient agrees to provide sufficient funds or approved in-kind resources, together with the Federal assistance awarded, that will assure payment of the actual cost of each Project activity covered by the Grant Agreement or Cooperative Agreement for the Project. The Recipient agrees that no local share funds provided will be derived from receipts from the use of Project facilities or equipment, revenues of the public transportation system in which such facilities or equipment are used, or other Federal funds, except as permitted by Federal law or regulation, or if FTA determines otherwise in writing.
Restrictions on the Source of the Local Share. Except as permitted by law or regulation, it will not provide any local share funds derived from:
(1) Receipts from the use of Project facilities or equipment,
(2) Revenues of the public transportation system in which such facilities or equipment are used, or
(3) Other Federal funds, except as permitted by Federal law or regulation.
Restrictions on the Source of the Local Share. The Recipient agrees that: