Net Project Cost definition

Net Project Cost. The Recipient agrees that if federal law or regulation requires an Underlying Agreement to be financed based on its “Net Project Cost,” as defined in 49 U.S.C. § 5302:

Net Project Cost means that term as defined in former section 110(f) of title 1 of the housing act of 1949.

Net Project Cost means that term as defined in former section 110 of the housing act of 1949, 42

Examples of Net Project Cost in a sentence

• Metra, at its sole discretion, may agree in writing to increase the amount of the Grant Funding subject to the approval of Metra’s Executive Director, but in no event shall the total amount provided by Metra under this Agreement exceed the actual Net Project Cost.

• Net Project Cost: the portion of the eligible Operating Expenses or Total Project Cost to be assisted with federal funds which cannot be reasonably financed from revenues.

• Treatment of Contract Revenue to Reduce Net Project Cost or as Local Match Assuming revenue from coordinated transportation is from a contract for service, FTA gives recipients of Section 5311 and Section 5310 grants the option of whether to apply the revenue as contract revenue (eligible to be used as local match) or to use the revenue to decrease the net project cost (Federal Transit Administration 2014b, 2014c).

• Section 10: The dollar figure in Section 10(d) identifies the Grantee’s financial commitment to the Estimated Net Project Cost.

• The Estimated Net Project Cost reported in Attachment 3 is $____(8)_____.

More Definitions of Net Project Cost

Net Project Cost. If Federal law or regulation requires an FTA-funded Project to be financed on the basis of its “Net Project Cost,” as defined in 49 U.S.C. § 5302(12), as amended by MAP-21, or former 49 U.S.C. § 5302, under applicable previous authorizing legislation:

Net Project Cost. For any Project required by Federal law or by FTA to be financed on the basis of its “Net Project Cost” as defined at 49 U.S.C. § 5302(a)(8), FTA intends to provide Federal assistance to the Recipient for that portion of the Project cost that cannot reasonably be financed from the Recipient’s revenues, i.e., “Net Project Cost” of the Project. Therefore, the amount stated as the “Estimated Total Eligible Cost” on the Grant Agreement or Cooperative Agreement for the Project is the “Estimated Net Project Cost” and is the amount that forms the basis on which FTA will calculate the amount of Federal assistance awarded for the Project.

Net Project Cost means the cost of the Project that cannot reasonably be financed from the Grantee's revenues.

Net Project Cost means the sum of the eligible costs incurred in performing the work on the Project, including work done by the Grantee, less proceeds from sale of scrap and replaced facilities.

Net Project Cost. ’ means the part of a project that reasonably

Net Project Cost. ’ means the part of a project that reasonably cannot be financed from revenues.

Net Project Cost means the cost of the Project that cannot reasonably be financed from the Grantee’s revenues.