Agencies Open Reimbursable Account Sample Clauses

Agencies Open Reimbursable Account. An IAA allows agencies to open a reimbursable account for the project. Agencies may then charge necessary expenses against that account. Payment of necessary expenses charged to the reimbursable account is made using the Intra-Governmental Payment and Collection (IPAC) system. The IPAC bills are initiated by the recipient agent (called the “seller” in the IAA) after approval of the reimbursement request submitted to the SNPLMA Division.
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Agencies Open Reimbursable Account. An IGO allows individual agencies to open a reimbursable account for the project. Agencies may then charge necessary expenses against this account. BLM Task Orders are assigned an internal-reimbursable account by the BLM National Business Center and necessary expenses are then charged against the internal reimbursable account. XXX’s internal reimbursable account number is provided on the task order when presented to the BLM field office for signature. Use of a reimbursable account is authorized under the Economy Act. A reimbursable account is more like a charge account than a checking account. The reimbursable account is backed by an agreement (IGO/task order) to pay at logical stages of the project during its implementation (generally quarterly) when all documentation is in order and accepted by the SNPLMA Division. Reimbursable accounts are generally “no-year” accounts, so they need not be settled at the end of a fiscal year. The funding to cover necessary expenses will come from the applicable Special Account(s). Agencies shall submit requests for quarterly reimbursement of necessary expenses incurred, or at other logical stages of the project as stated in the IGO/task order. However, only costs incurred after the Secretaries’ approval are reimbursable.
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Related to Agencies Open Reimbursable Account

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  • Administrative Cost Recovery 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may, following deposit of Contribution funds, deduct from such funds and retain for the Bank’s own account an amount equal to five percent (5.0%) of the Contributions.

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  • Account Fees The Company, by resolution of the Board of Directors, including a majority of the Independent Directors, may from time to time authorize the imposition of a fee as a direct charge against shareholder accounts of any class of one or more of the Funds, such fee to be retained by the Company or to be paid to the Investment Manager to defray expenses which would otherwise be paid by the Investment Manager in accordance with the provisions of paragraph 4 of this Agreement. At least sixty days prior written notice of the intent to impose such fee must be given to the shareholders of the affected Fund or Fund class.

  • Calculation of Charges Contractor shall provide an invoice to the City on a monthly basis for goods delivered and/or Services completed in the immediate preceding month, unless a different schedule is set out in Appendix B, “Calculation of Charges.” Compensation shall be made for goods and/or Services identified in the invoice that the City, in his or her sole discretion, concludes has been satisfactorily performed. In no event shall the amount of this Agreement exceed [insert whole dollar amount in numbers and words -- no pennies and no “.00”]. The breakdown of charges associated with this Agreement appears in Appendix B, “Calculation of Charges.” A portion of payment may be withheld until conclusion of the Agreement if agreed to by both Parties as retainage, described in Appendix B. In no event shall City be liable for interest or late charges for any late payments. City will not honor minimum service order charges for any services covered by this Agreement.

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