Federal Obligation definition
Federal Obligation means any direct obligation of, or any obligation the full and timely payment of principal of and interest on which is guaranteed by, the United States of America.
Federal Obligation means any direct obligation of, or any obligation the full and timely payment of principal of and interest on which is guaranteed by, the United States of America, including, but not limited to, United States Treasury Certificates of Indebtedness, Notes and Bonds--State and Local Government Series or certificates of ownership of the principal of or interest on direct obligations of, or obligations unconditionally guaranteed by, the United States of America, which obligations are held in trust by a commercial bank which is a member of the Federal Reserve System and has capital and surplus (exclusive of undivided profits) in excess of $100,000,000.
Examples of Federal Obligation in a sentence
If additional activities are required under schedules H, I, or J, milestones are required here for those activities.] [Insert milestone] [insert date] RAISE Grant Amount: [$XXX] Federal Obligation Type: Single 1 $ $ $ $ RAISE Funds $ % Other Federal Funds Non-Federal Funds $ % In ¶ 11 of the agreement cover sheet, the amount listed in the “Federal” column is the “RAISE Funds” amount in this schedule D.
If the Federal Obligation Type identified in section 2 of schedule D is “Single,” then the project-specific agreement obligates for the budget period the amount listed in section 1 of schedule D as the Grant Amount and sections 4.3(c)–4.3(h) do not apply to the project- specific agreement.