Financial Obligations to the Federal Government. The Recipient agrees to remit to the Federal Government the Federal interest in the fair market value of any Project property prematurely withdrawn from appropriate use. In the case of fire, casualty, or natural disaster, the Recipient may fulfill its obligations to remit the Federal interest by either:
Financial Obligations to the Federal Government. Unless otherwise approved in writing by the Federal Government, the Recipient agrees to remit to the Federal Government the Federal interest in the fair market value of any Project property prematurely withdrawn from appropriate use. In the case of fire, casualty, or natural disaster, the Recipient may fulfill its obligations to remit the Federal interest by either: 1 Investing an amount equal to the remaining Federal interest in like-kind property that is eligible for assistance within the scope of the Project that provided Federal assistance for the property that has been prematurely withdrawn from use; or 2 Returning to the Federal Government an amount equal to the remaining Federal interest in the withdrawn Project property.
Financial Obligations to the Federal Government. Unless otherwise approved in writing by the Federal Government, the Indian Tribe agrees to remit to the Federal Government the Federal interest in the fair market value of any Tribal Transit Project property prematurely withdrawn from appropriate use. In the case of fire, casualty, or natural disaster, the Indian Tribe may fulfill its obligations to remit the Federal interest by either:
Financial Obligations to the Federal Government. Unless otherwise approved in writing by the Federal Government, the Recipient agrees that if its Project property is prematurely withdrawn from appropriate use: 1 It will return an amount equal to the remaining Federal interest in the withdrawn Project property to the Federal Government, or 2 With FTA approval, it will invest an amount equal to the remaining Federal interest in the withdrawn property in like-kind property that is eligible for funding within the scope of the Project that provided Federal funds for the property that has been prematurely withdrawn from use.
Financial Obligations to the Federal Government. Unless otherwise approved in writing by the Federal Government, the Indian Tribe agrees that if its Tribal Transit Project property is prematurely withdrawn from appropriate use: 1 It will return an amount equal to the remaining Federal interest in the withdrawn Tribal Transit Project property to the Federal Government, or 2 With FTA approval, it will invest an amount equal to the remaining Federal interest in the withdrawn property in like-kind property that is eligible for funding within the scope of the Tribal Transit Project that provided Federal funds for the property that has been prematurely withdrawn from use.
