Authorized Costs definition

Authorized Costs means the amount of expenditures for an improvement, including interest during construction, which has been authorized to be paid by the City by an ordinance or resolution of the City, including expenditures made to redeem outstanding general obligation bonds and outstanding notes issued to pay for such improvement and Costs of Issuance of the Bonds, less (a) the amount of any notes or bonds of the City which are currently outstanding and available to pay such Authorized Costs and (b) any Authorized Costs which have been previously paid by the City or by any eligible source of funds unless such amounts are entitled to be reimbursed under State and federal law.

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Authorized Costs means all authorized costs and expenses of the CEO set forth by law, and all costs necessary to administer the bonds, collect and administer the special taxes, and administer the CFD, including but not limited to funds to pay current debt service on the bonds, to accumulate funds for future debt service, to pay amounts delinquent on the bonds (or to become delinquent based upon past special tax delinquencies), to replenish the reserve fund to its proper level (or to reimburse payment to be made from the reserve fund based upon past special tax delinquencies), to pay directly for any authorized facilities or to accumulate funds for that purpose.

Authorized Costs means the amount of expenditures for an improvement, including interest during construction, if applicable, which has been authorized to be paid by the County by a resolution of the County, including expenditures made to redeem outstanding notes issued for the purpose of paying for such improvement and Costs of Issuance of the Bonds, less (a) the amount of any notes or bonds of the County which are currently outstanding and available to pay such Authorized Costs and (b) any Authorized Costs which have been previously paid by the County or by any eligible source of funds unless such amounts are entitled to be reimbursed under State and federal law.

Examples of Authorized Costs in a sentence

• TCEQ will reimburse the Grantee for necessary and reasonable Allowable Costs that are incurred and paid by the Grantee in performance of the Grant Activities as authorized in the Budget of Authorized Costs.

• Disbursement Requests shall include clear reference to the Project and itemize and explain all expenses in sufficient detail to allow the State Project Monitor to determine whether such expenses represent Phase I Authorized Costs.

• The Parties agree that reimbursement shall not exceed the Total Authorized Costs without prior written approval of Commission.

• TCEQ will reimburse the Subrecipient for necessary and reasonable Allowable Costs that are incurred and paid by the Subrecipient in performance of the Grant Activities as authorized in the Budget of Authorized Costs.

More Definitions of Authorized Costs

Authorized Costs means the County’s actual, reasonable and necessary capital costs directly used for the Phase Work, as set forth more completely in Section 10 below and in any Phase Funding Agreement.