Reallocated Funds Sample Clauses

Reallocated Funds. Funds reallocated to the State by HUD and funds recaptured from HUD-administered Small Cities grants and returned to the State by HUD may be redistributed to CDBG applicants or grantees in the same manner as unused funds that revert to the State because of non-use by a grantee. GOED may use up to two percent of the reallocated funds to administer the CDBG Program, if not allocated for administration at a prior time.
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Reallocated Funds. Reallocated funds are the dollars generated from school districts that have an excess of Title I carryover. The reallocated funds are competitive dollars which require a school district to submit a budget revision on the STARS and describe in detail how the reallocated funds will be used during the current school year. Reallocated funds that are awarded to school districts must be spent by June 30 of the school year they are awarded. These funds are added to the regular Title I allocation. They are tracked, logged, and reported on the Final Financial Report. Any reallocated funds awarded but not spent by the grantee will be returned to the Office of Educational Equity & Support for the next school year’s reallocated competition. If less than $100 of the reallocated award is remaining, the district keeps any reallocated funds under $100 that are not spent. School districts that submit reallocated funds must submit the Reallocated Funds Addendum and a ledger with the district’s Final Financial Report. For Title I purposes, schools are only allowed to carry over a certain percentage of funds based on the allocation amount. Excess Title I funds are then reallocated to districts that can demonstrate a need for additional funds based on criteria established by the state agency. The Title I law states the following regarding reallocated funds: “If a State educational agency determines that the amount of a grant a local educational agency would receive under Sections 1124, 1124A, and 1125 is more than such local agency will use, the State educational agency shall make the excess amount available to other local educational agencies in the State that need additional funds in accordance with criteria established by the State educational agency.” Reallocated Title I funds are available to school districts that would like to add on to their Title I program, but need additional funds to accomplish their plan. The funds must supplement the current Title I budget. Any expense that has already been obligated cannot be requested with reallocated funds. Therefore, a district cannot request reallocated funds to pay salary for a Title I teacher if the district or other federal funds have already been obligated to cover the expense. Examples of expenditures that would add on to an existing Title I program could include, but are not limited to:
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Reallocated Funds. Total: Total Expenditures To Date Total Expenditures To Date Total Expenditures To Date Combined Expenditures To Date 110 – Professional Salary 120 – Non-Professional Salary 200 – Benefits 300 – Purchased Professional and Technical Service 430 – Maintenance 580 – Travel 600 – Materials/ Supplies 730 – Equipment 800 – Dues, Registration, and Memberships Fees 900 – Indirect Costs ( %) 950 – Unobligated Subtotal Remaining Balance (Carryover)
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Related to Reallocated Funds

  • Reallocation 4. Notwithstanding the allocation of Loan proceeds and the withdrawal percentages set forth in the Table,

  • Unexpended Funds Grantee understands and agrees that funds which remain unexpended at the end of the term of the Agreement or upon termination of the Agreement shall be returned to the Commonwealth within sixty (60) days of the project’s ending date or termination date along with the submission of the Final Completion Report and/or Final Expenditure Report, depending on the applicable program requirements.

  • Reallocations Classification Seniority for employees whose positions are reallocated to a lower or equal class after January 1, 1980, shall include service in the class from which they were reallocated, regardless of whether or not the higher or equal class is a "related" class in accord with "E" below.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.2 and 4.1.3 to the Trustees of the ETFO ELHT by the last day of each month from and after the Board’s Participation Date.

  • Funding Obligations 6.1 Grantee acknowledges that HHSC’s obligation for payment, in consideration of full and satisfactory performance of activities described in this Contract, is limited to monies received from the Administration on Aging (“AoA”), the State, and any other funding source.

  • Defaulting Lender Cure If the Borrower, the Administrative Agent, Swingline Lender and the L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

  • Excess Funds Any party receiving funds paid by SBBC under this Agreement agrees to promptly notify SBBC of any funds erroneously received from SBBC upon the discovery of such erroneous payment or overpayment. Any such excess funds shall be refunded to SBBC.

  • Collective Investment Vehicle An Investment Entity established in Finland that is regulated as a collective investment vehicle, provided that all of the interests in the collective investment vehicle (including debt interests in excess of $50,000) are held by or through one or more exempt beneficial owners, Active NFFEs described in subparagraph B(4) of section VI of Annex I, U.S. Persons that are not Specified U.S. Persons, or Financial Institutions that are not Nonparticipating Financial Institutions.

  • OPWC/Local Subdivision Participation Percentages For the sole and express purpose of financing/reimbursing costs of the Project, the estimated costs of which are set forth and described below, the Recipient hereby designates its Local Subdivision Percentage Contribution as amounting to a minimum total value of 50% of the total Project Cost. The OPWC Participation Percentage shall be 50% not to exceed $100,000.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

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