DLT Grant Agreement 2025

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The grant agreement defines what activities will be undertaken, the project duration, overall budget, rates and costs, the EU budgets contribution, all rights and obligations and more.
Under the full-funding concept, funds are provided at the outset for the total estimated cost of an item. The concept best applies to major procurements. As used by the Department of Defense, however, it does not provide funding for an entire program in a given year.
A funding agreement is an agreement between an issuer and an investor. While the investor provides a lump sum of money, the issuer guarantees a fixed rate of return over a time period. Funding agreements are popular with high-net-worth and institutional investors due to their low-risk, fixed-income nature.
Grant agreements typically specify what the funds are intended to be used for, any conditions of funding (such as acquiring matching funds or executing a deed restriction), reporting and monitoring requirements, and what remedies would be required should the funds be used improperly or not entirely used.
DLT grant funds support the use of telecommunications-enabled information, audio and video equipment, and related advanced technologies by students, teachers, medical professionals, and rural residents.

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The FTA Full Funding Grant Agreement (FFGA) is the means mandated by statute for providing Federal financial assistance under 49 U.S.C. Section 5309 in the amount of $25 million or more for a major capital investment (new starts) project.

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