of the PDCA. The State will provide financing (“State Financing”) (up to a maximum of dollars ($ ) (“Maximum State Financing”)) and the Participating County will provide the Cash (hard) Match (as defined in Article 6(C) below) and the In-Kind (soft) Match (as defined in Article 6(C) below) (with the Cash (hard) Match and the In-kind (soft) Match collectively referred to as “Participating County Funding” and together with the Maximum State Financing, the “Total Eligible Project Costs”.) Total Eligible Project Costs shall be used in determining Cash (hard) Match credit and In-kind (soft) Match credit to the Participating Counties as specified in Exhibit A to this Agreement. As stated in Article 1, Section 1.3 of the PDCA, the SB 81 Financing Program is predicated on the Board’s ability to issue bonds for the Project.
Appears in 2 contracts
Sources: Local Youthful Offender Rehabilitative Facility Construction Agreement, Local Youthful Offender Rehabilitative Facility Construction Agreement