Average Income Test Minimum Set Aside Reports Sample Clauses

Average Income Test Minimum Set Aside Reports. The General Partner shall (or shall cause the Management Agent to): (i) provide both the Limited Partner and the Credit Compliance Consultant with a schedule of the applicable unit designations for purposes of the Average Income Test; (ii) throughout the Compliance Period, provide the Limited Partner, no later than 60 days after the end of the fiscal year, with an annual certification by the General Partner and Management Agent that the Project remains in compliance with such Average Income Test, including all final or temporary regulations promulgated with respect to Code Section 42(g)(1)(C) and other applicable guidance with respect thereto; (iii) simultaneously provide the Limited Partner with a copy of any report required by the Authority regarding compliance with the Average Income Test; (iv) on a monthly basis, provide the Limited Partner with an updated unit tracking sheet in a form approved by the Limited Partner; (v) ensure that the Partnership provides the Credit Compliance Consultant with the reporting documentation required under the Compliance Consulting Agreement for as long as such agreement continues to be required by the Limited Partner; and (vi) provide the Limited Partner with copies of the Credit Compliance Consultant’s written analyses and findings prepared pursuant to the Compliance Consultant Agreement within ten (10) days of the Limited Partner’s request.
Sample 1
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Average Income Test Minimum Set Aside Reports. The Administrative General Partner shall (or shall cause the Management Agent to) provide the Limited Partner (and, for so long as a Compliance Consultant Agreement is required by the Limited Partner, the Compliance Consultant) with: (i) the AI Unit Tracking Schedule on a monthly basis during the Lease-up Period;
Sample 1

Related to Average Income Test Minimum Set Aside Reports

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  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

  • Quarterly Sales Reports The Contractor shall submit a completed Quarterly Sales Report electronically, in the required format, to the Department’s Contract Manager within thirty (30) calendar days after close of each quarter. The quarterly sales report can be found here: xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. The Contract Quarterly Sales Report will include all sales and orders associated with this Contract from Customers received during the reporting period. Initiation and submission of the Sales Report is the responsibility of the Contractor without prompting or notification from the DMS Contract Manager. Failure to provide the quarterly sales report will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Contract. Initiation and submission of the quarterly sales report are the responsibility of the Contractor without prompting or notification by the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded during the period, the Contractor must submit a report stating that there was no activity. If no sales are recorded in two consecutive quarters, the Contractor may be placed in probationary status or the Department may terminate the Contract. Quarter 1 – (July-September) – due 30 calendar days after the close of the period Quarter 2 – (October-December) – due 30 calendar days after the close of the period Quarter 3 – (January-March) – due 30 calendar days after the close of the period Quarter 4 – (April-June) due 30 calendar days after the close of the period Exceptions may be made if a delay in submitting reports is attributable to circumstances that are clearly beyond the control of the Contractor. The burden of proof of unavoidable delay shall rest with the Contractor and shall be supplied in a written form and submitted to the Department. The Department reserves the right to request additional sales information as needed.

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