Funding Authority Clause Samples
Funding Authority.
(a) On an annual basis the Operating Committee shall approve a reasonable operating budget for the Company. The budget shall include the projected costs of the Company, including the costs of developing and operating the CAT for the upcoming year, and the sources of all revenues to cover such costs, as well as the funding of any reserve that the Operating Committee reasonably deems appropriate for prudent operation of the Company.
(i) Without limiting the foregoing, the reasonably budgeted CAT costs shall include technology (including cloud hosting services, operating fees, CAIS operating fees, change request fees and capitalized developed technology costs), legal, consulting, insurance, professional and administration, and public relations costs, a reserve and such other cost categories as reasonably determined by the Operating Committee to be included in the budget.
(ii) For the reserve referenced in paragraph (a)(i) of this Section, the budget will include an amount reasonably necessary to allow the Company to maintain a reserve of not more than 25% of the annual budget. To the extent collected CAT fees exceed CAT costs, including the reserve of 25% of the annual budget, such surplus shall be used to offset future fees. For the avoidance of doubt, the Company will only include an amount for the reserve in the annual budget if the Company does not have a sufficient reserve (which shall be up to but not more than 25% of the annual budget). For the avoidance of doubt, the calculation of the amount of the reserve would exclude the amount of the reserve from the budget.
(b) Subject to Section 11.1 and Section 11.2, the Operating Committee shall have discretion to establish funding for the Company, including: (i) establishing fees that the Participants shall pay; and (ii) establishing fees for Industry Members that shall be implemented by Participants. The Participants shall file with the SEC under Section 19(b) of the Exchange Act any such fees on Industry Members that the Operating Committee approves, and such fees shall be labeled as “Consolidated Audit Trail Funding Fees.”
(c) To fund the development and implementation of the CAT, the Company shall time the imposition and collection of all fees on Participants and Industry Members in a manner reasonably related to the timing when the Company expects to incur such development and implementation costs. In determining fees on Participants and Industry Members the Operating Committee shall take into account...
Funding Authority. The Budget Act of 2014 (FY 14-15) (Chapter 25, Statutes of 2014) provided $8 million to the Board of State and Community Corrections (BSCC) for the Community Recidivism Reduction Grant (RRG) described in Penal Code Section 1233.10. The County of Orange participated in the FY 14-15 grant program and received $500,000 of the FY 14-15 grant funds to develop and administer a competitive grant program intended to fund community recidivism and crime reduction services. The Budget Act of 2015 (FY 15-16) allocated an additional $4 million to the BSCC. As a result, the County of Orange was allocated $250,000 of the FY 15-16 grant funds. BSCC authorized participating counties to allocate FY 15-16 RRG funding to those service providers who competed for the FY 14-15 funding.
Funding Authority. Dr. Ir. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Date Secretary General FWO for Universiteit Gent and Vrije Universiteit Brussel
Funding Authority. The Oil Spill Liability Trust Fund (OSLTF) was established by authority of The Oil Pollution Act of 1990 to provide a source of dedicated funds for the cleanup and removal of oil spills. Authority for administration of the fund was delegated to the Coast Guard National Pollution Funds Center (NPFC) by Executive Order 12777, issued 18 October 1991. The Clean Water Act authorizes the OSC to access the OSLTF to fund the costs of oil spill cleanup and removal operations. The NPFC recovers those costs from the parties responsible for the spill.
Funding Authority. The Research Council of Norway.
Funding Authority. Washington State Military Department (the “DEPARTMENT”), and Federal Emergency Management Agency (FEMA)
Funding Authority. This RFP is administered by the City of Riverside with funding provided by the City of Riverside (City) and the U.S. Department of Housing and Urban Development (HUD). Consequently, all guidelines and requirements of HUD and the City must be met. Additionally all successful Respondents must comply with the Single Audit Act, as applicable.
Funding Authority. The funds the Agency will distribute to Subrecipient under this Agreement are drawn from grant funds distributed to the State of Wyoming by the Fiscal Year 2023 U.S. Department of Homeland Security, Federal Emergency Management Agency Grant Program Directorate, and Emergency Management Performance ▇▇▇▇▇ U.S.C. § 762); the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ Disaster Relief and Emergency Assistance Act, as amended (Pub. L. No. 93-288) (42 U.S.C. § 5121, et seq.); the Earthquake Hazards Reduction Act of 1977, as amended (Pub. L. No. 95-124) (42 U.S.C.§ 7701, et seq.); and the National Flood Insurance Act of 1968, as amended (Pub. L. No. 90-448) (42 U.S.C.§ 4001, et seq.).
Funding Authority. The EAWDB has the authority to fund WIOA programs and enter into contracts and agreements in accordance with the Act, the federal regulations and applicable state rules. RULES: State level policies promulgated to provide policy guidance on WIOA activities and program functions.
Funding Authority. Funding Authority means the body awarding the grant for the Project. Defaulting Party means a Party which the General Assembly has identified to be in breach of this Consortium Agreement and/or the Grant Agreement as specified in Section 4.2 of this Consortium Agreement.