Eligible Uses. The Recipient shall use the CMF Award only for the uses designated in Schedule 1 of this Assistance Agreement. If applicable, the Recipient shall use no more than thirty percent (30%) of its CMF Award to capitalize a fund to support Economic Development Activities. The Recipient is authorized to use no more than five percent (5%) of its CMF Award for Direct Administrative Expenses.
Appears in 4 contracts
Sources: Assistance Agreement, Assistance Agreement, Assistance Agreement