Administrative cost allowance definition

Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from property tax revenues of up to 5 percent of the property tax allocated to the successor agency for the 2011–12 fiscal year and up to 3 percent of the property tax allocated to the Redevelopment Obligation Retirement Fund money that is allocated to the successor agency for each fiscal year thereafter; provided, however, that the amount shall not be less than two hundred fifty thousand dollars ($250,000) for any fiscal year or such lesser amount as agreed to by the successor agency. However, the allowance amount shall exclude any administrative costs that can be paid from bond proceeds or from sources other than property tax.
Sample 1Sample 2Sample 3
Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from property tax revenues of up to 5 percent of the property tax allocated to the successor agency on the Recognized Obligation Payment Schedule covering the period January 1, 2012, through June 30, 2012, and up to 3 percent of the property tax allocated to the Redevelopment Obligation Retirement Fund money that is allocated to the successor agency for each fiscal year thereafter; provided, however, that the amount shall not be less than two hundred fifty thousand dollars ($250,000), unless the oversight board reduces this amount, for any fiscal year or such lesser amount as agreed to by the successor agency. However, the allowance shall exclude, and shall not apply to, any administrative costs that can be paid from bond proceeds or from sources other than property tax. Administrative cost allowances shall exclude any litigation expenses related to assets or obligations, settlements and judgments, and the costs of maintaining assets prior to disposition. Employee costs associated with work on specific project implementation activities, including, but not limited to, construction inspection, project management, or actual construction, shall be considered project-specific costs and shall not constitute administrative costs.”
Sample 1Sample 2Sample 3
Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from property tax revenues of up to 5 percent of the property tax allocated to the successor agency on the Recognized Obligation Payment Schedule covering the period January 1, 2012, through June 30, 2012, and up to 3 percent of the property tax allocated to the Redevelopment Obligation Retirement Fund money that is
Sample 1

Examples of Administrative cost allowance in a sentence

  • Reimbursements to the Fund of the amounts canceled on loans made 07/01/1972 and after $034.1. Administrative cost allowance$ 0 34.2. Collection costs$ 0 34.3. Administrative cost allowance and collection costs (control) $ 0 Cost of loan principal and interest canceled for the following categories: 35.

  • The different levels are defined as follows: Level 1: quoted prices (unadjusted) in active market for similar instruments. Level 2: Inputs other than quoted prices within level 1. Level 3: inputs that are not based on observable market data.

  • International Training and Health (INTRAH) – the training component of the DISH Project, which provided in-service training in integrated FPR/ HC services for both public and private sector nurses and midwives.

  • Funds allocated to an institution under the FSEOG Program may be used for the following purposes:* Make FSEOG award to eligible students* Administrative cost allowance Minimum and Maximum FSEOG AwardsGenerally, the amount of a FSEOG awarded for an academic year equals the amount the college determines necessary to continue his or her studies with the following limits:* No award for less than $100 for a full academic year.* No award more than $4,000 for a full academic year.

  • Administrative cost allowance shall exclude any litigation expenses related to assets or obligations, settlements and judgments, and the costs of maintaining assets prior to disposition.

  • Make sure the information you provide here is current by going to FISAP on the Web’s Self-Service screen, then to “Campus-Based Notifications for All Available Award Years.” Then select “Perkins Service Cancellation Awards.” Valid amounts are000000000-999999999This field cannot be blank.27.1 Administrative cost allowance Column a.

  • AA.3.2 Administrative cost allowance calculation Please refer to Section IX.

  • Administrative cost allowance allocationCurrently, statute provides for MPCC and WNCC to use 20% of their allocation for admin costs, CCC and NECC 15%, and MCC and SCC 10%.


More Definitions of Administrative cost allowance

Administrative cost allowance means the maximum amount of administrative costs that may be paid by a successor agency from the Redevelopment Property Tax Trust Fund in a fiscal year.
Sample 1Sample 2Sample 3
Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from property tax revenues of up to 5 percent of the property tax allocated to the successor agency on
Sample 1
Administrative cost allowance is an amount per solid cubic metre set by the Minister of the Department of Natural Resources from time to time and is used to calculate the stumpage rates payable and which is currently at the time of signing this agreement set at $ per solid cubic metre.
Sample 1
Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from property tax revenues of up to 5 percent of the property tax allocated to the successor agency for the 2011-12 fiscal year and up to 3 percent of the property tax allocated to the Redevelopment Obligation Retirement Fund money that is allocated to the successor agency for each fiscal year thereafter; provided, however, that
Sample 1
Administrative cost allowance means an amount that, subject to the approval of the oversight board, is payable from
Sample 1

Related to Administrative cost allowance

  • Administrative Costs means all costs and expenses associated with providing notice of the Settlement to the Settlement Class and administering and carrying out the terms of the Settlement.

  • Credit allowance date means with respect to any qualified equity investment:

  • Retirement allowance means the retirement payments to which a member is entitled.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Direct Costs means the sum of the following:

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Preferred Allowance means the amount a Preferred Provider will accept as payment in full for Covered Medical Expenses.

  • Allowance means compensation payable to an employee in addition to the regular remuneration payable for the performance of the duties of his position.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Administration Costs means (a) the costs and expenses associated with the 17 production and dissemination of the Notice; (b) all reasonable costs incurred by the Settlement 18 Administrator in administering and effectuating this Settlement, including costs of distributing the 19 Settlement Amount, which costs are necessitated by performance and implementation of this 20 Agreement and any court orders relating thereto; and (c) all reasonable fees charged by the 21 Settlement Administrator.