Common use of Eligible Uses Clause in Contracts

Eligible Uses. Grant funds may only be used for the following purposes in accordance with the Budget: a. To provide low-interest or no-interest loans or grants to Grantee’s Local Equity Applicants and/or Local Equity Licensees to assist the applicants and/or licensees with startup and ongoing costs. b. To provide or fund Direct Technical Assistance to Grantee’s Local Equity Applicants and/or Local Equity Licensees. No more than ten (10) percent of the total grant award may be used for Direct Technical Assistance. c. To assist in the administration of the Grantee’s Local Equity Program. No more than ten (10) percent of the total grant award may be used for administration, which includes the following: • Employing staff or hiring consultants to administer ▇▇▇▇▇▇▇’s Local Equity Program, including administering loans and grants. • Grantee’s costs associated with its efforts to provide sources of capital to its Local Equity Applicants and/or Local Equity Licensees.

Eligible Uses. Grant funds may only be used for the following purposes in accordance with the BudgetBudget and the Minimum Local Equity Program Criteria: a. To provide low-interest or no-interest loans or grants to Grantee’s Local Equity Applicants and/or Local Equity Licensees to assist the applicants and/or licensees with startup and ongoing costs. b. To provide or fund Direct Technical Assistance direct technical assistance to Grantee▇▇▇▇▇▇▇’s Local Equity Applicants and/or Local Equity Licensees. No more than ten (10) percent of the total grant award may be used for Direct Technical Assistancedirect technical assistance. c. To assist in the administration of the Grantee’s Local Equity Program. No more than ten (10) percent of the total grant award may be used for administration, which includes the following: • Employing staff or hiring consultants to administer ▇▇▇▇▇▇▇’s Local Equity Program, including administering loans and grants. • Grantee’s costs associated with its efforts to provide sources of capital to its Local Equity Applicants and/or Local Equity Licensees.

Eligible Uses. Grant funds may only be used for the following purposes in accordance with the Budget: a. To provide low-interest or no-interest loans or grants to Grantee’s Local Equity Applicants and/or Local Equity Licensees to assist the applicants and/or licensees with startup and ongoing costs. b. To provide or fund Direct Technical Assistance direct technical assistance to Grantee’s Local Equity Applicants applicants and/or Local Equity Licensees. No more than ten (10) 10 percent of the total grant award may be used for Direct Technical Assistancedirect technical assistance. c. To assist in the administration of the Grantee’s Local Equity Program. No more than ten (10) 10 percent of the total grant award may be used for administration, which includes the following: • Employing staff or hiring consultants to administer ▇▇▇▇▇▇▇Grantee’s Local Equity Program, including administering loans and grants. • Grantee’s costs associated with its efforts to provide sources of capital to its Local Equity Applicants and/or Local Equity Licensees.