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� • , . <br /> The Grantee agrees to report to the Department, at such other times as the Department may <br /> prescribe in writing, the amounts recorded, as required above, in the Project Account. <br /> All Project Funds held by the Grantee over one (1) month shall draw interest and the amount <br /> of such interest earned shall be reported to the Department in the quarterly Project Account <br /> report. Such interest shall be applied to the Net Project Cost as directed by the Department. <br /> C. Eligible Costs-Expenditures made by the Grantee shall be reimbursable as eligible costs to <br /> the extent they meet all of the requirements set forth below. They must: <br /> (1) be made in conformance with the Grantee's final approved application and the Approved <br /> Project Budget and all other provisions of this Agreement; <br /> (2) be necessary in order to accomplish the Project; <br /> (3) be reasonable in amount for the goods or services purchased; <br /> (4) be actual net costs to the Grantee(i.e., the price paid minus any refunds, rebates, or <br /> other items of value received by the Grantee that have the effect of reducing the cost <br /> actually incurred); <br /> (5) be incurred (and be for work performed) after the date of this Agreement, unless specific <br /> written authorization from the Department to the contrary is received in writing; <br /> (6) be in conformance with the standards for allowability of costs established by the <br /> Department; <br /> (7) be satisfactorily documented; <br /> (8) be treated uniformly and consistently under accounting principles and procedures <br /> approved or prescribed by the Department for the Grantee; and those approved or <br /> prescribed by the Grantee for its contractors; and <br /> (9) be eligible support and supervisory costs, but only for grantees for whom the <br /> Department has approved such costs. Such support and supervisory costs mean those <br /> supervisory costs allocated to the capital project based on an approved cost allocation <br /> plan and support services costs. Provided however, that the Department will not <br /> consider for approval a cost allocation plan that has not been approved by either the <br /> Federal Transit Administration or the Grantee's cognizant federal agency; and, provided <br /> further, that the support costs shall not exceed two(2) percent of the amount of any <br /> grant for the purchase of rolling stock and six(6) percent of the amount of any grant for <br /> all other types of capital projects. <br /> (10) not be expenditures incurred by the Grantee which exceed the amount budgeted for a <br /> specific project line item (i.e. project element,job order or item) unless, at the time of <br /> completion of the project line item, those expenditures meet all of the requirements <br /> below: <br /> State Capital Granf <br /> Pa ge 11 <br />