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Page 2 of 5 <br />(a) State Share. The Department shall provide, from federal and <br />State funds, ninety (90 %) percent of the actual net cost of the Project, not <br />in excess of FORTY -EIGHT THOUSAND, SIX HUNDRED SIXTY -SEVEN DOLLARS <br />($48,667). <br />(b) Local Share. The local share must be provided from source other <br />than federal funds, except where specific legislative language of a federal <br />program permits its funds to match other federal funds. The Contractor <br />hereby agrees that it will provide ten (10 %) percent of the actual net cost <br />of the Project. The net cost is the price paid minus any refunds, rebates, <br />or other items of value received by the Contractor which have the effect of <br />reducing the actual cost. The Contractor shall initiate and prosecute to <br />completion all actions necessary to enable the Contractor to provide its <br />share of Project costs at or prior to the time that such funds are needed to <br />meet Project costs. <br />The Contractor shall provide its share of Capital costs from sources <br />other than UMTA funds. <br />(c) Capital Expenditures. In order to assist the Contractor in <br />financing the capital costs of the Project, the Department will reimburse <br />the Contractor for ninety (90 %) percent of allowable capital costs not in <br />excess of FORTY -EIGHT THOUSAND, SIX HUNDRED SIXTY -SEVEN DOLLARS <br />($48,667). <br />(d) Payment. Progress payments based upon actual allowable net <br />costs may be made upon receipt of an itemized invoice, supported by <br />documentation of costs from Contractor. Any partial invoices and the <br />Project's final invoice shall be approved by the Public Transportation <br />Division and the Department's Fiscal Section prior to payment in accordance <br />with Departmental procedures. Any costs in excess of the Project Budget, or <br />