Common use of Conditions for Accessing FTA Funds Clause in Contracts

Conditions for Accessing FTA Funds. In order to seek or obtain FTA funds for eligible Project costs, the Recipient agrees that: (1) It must execute the Underlying Agreement or Amendment to the Underlying Agreement for the Project, (2) It must receive and file: (a) A properly signed document seeking payment for the expense, such as a voucher or other appropriate record, and (b) A properly detailed description supporting the relationship of the expense to the Project, (3) It must identify all sources of Federal funds from which the payment is to be derived, (4) It must provide FTA with all financial and progress reports required to date, and (5) If the Recipient must provide a local share, unless FTA has stated otherwise in writing that the Recipient may defer the local share: (a) The Recipient will not request or obtain more Federal funds than justified by eligible local share resources it has provided, (b) The Recipient will not cause the proportion of Federal funds available to the Project at any time to exceed the percentage authorized by the Underlying Agreement, and (c) When combined with Federal payments, the Recipient will be able to demonstrate that, its local share will be adequate to cover all the costs incurred for the Project,