Examples of Qualified Costs in a sentence
Qualified costs don’t include the costs of acquiring the building itself, or any interest in the building, or any expense incurred for the enlargement of an existing building.
Note: Qualified costs are those costs that are in excess of the extraordinary aid reimbursement thresholds, as described in Section I above, for a student.
Qualified costs also include preliminary expenditures (such as architectural, engineering, surveying and soil testing), provided that no more than 20% of proceeds can be used for preliminary expenditures incurred more than 60 days prior to the date of official action.
Qualified costs generally include costs that are chargeable to the project’s capital account for federal income tax purposes and are incurred no earlier than 60 days prior to the date of official action, described in Section B.4. below.
Location/Other NYC costs - means all Qualified costs incurred anywhere within New York City OTHER THAN at a Qualified production facility.