State Budget Sample Clauses

State Budget. Neither Party shall be in breach of this Memorandum for failure to pay Invoices on time if such failure results from the Legislature’s or County’s failure to approve and adopt a budget in a timely manner, except that the County retains the right to discontinue such services on appropriate notice. TERM/TERMINATION
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State Budget. (i) Corporate Income Tax: The draft legislation proposes to increase the corporate income tax rate from 20% to 25%. Based on projections, this change is estimated to result in an additional revenue of 109,900,000 XXX per year for the state budget.
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State Budget. The overall financial impact on the state budget is estimated to be a net positive of approximately 175,790,000 XXX per year, considering the increased revenue and expenditure.
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State Budget. Based on the May 2010 consensus revenue estimates and enacted and pending appropriations, the FY 2009-10 GF/GP budget was in deficit by $302.7 million. The budget target agreement eliminates this projected budget deficit. Table 1 provides a summary of the current Senate Fiscal Agency (SFA) estimate of the projected FY 2009-10 GF/GP year-end balance of $2.7 million. The budget target agreement eliminates the projected budget deficit with two policy changes. First, a fund source shift of $208.4 million from GF/GP appropriations to School Aid Fund (SAF) occurs in the Community College budget. This one-time fund source shift is contained in Public Act 158 of 2010. Second, a total of $94.3 million of available Federal funds will be used to offset current GF/GP appropriations in the Medicaid budget. This funding shift from GF/GP appropriations to available Federal funds is contained in Public Act 158 of 2010 and the remaining supplemental appropriation bill, House Bill 5409. The use of $208.4 million of surplus SAF funds to balance the FY 2009-10 GF/GP budget has an impact on the projected year-end balance in the FY 2009-10 SAF budget. Table 2 provides a summary of the SFA estimate of the year-end balance in the FY 2009-10 SAF budget. Factoring in the $208.4 million use of SAF revenue in the Community College budget, the SFA is now estimating that the FY 2009-10 SAF will close the fiscal year with a $163.3 million balance. The final year-end balance will carry forward into FY 2010-11 and be used to support FY 2010-11 SAF appropriations. Table 1 FY 2009-10 General Fund/General Purpose Revenue, Expenditures, and Year-End Balance (millions of dollars) Revenue: September 2010 SFA Estimate Beginning Balance ...................................................................................... $177.2 Ongoing Revenue: Consensus Revenue Estimate ............................................................... 6,654.9 Revenue Sharing Savings ...................................................................... 520.8 Shift of Short Term Borrowing Costs to School Aid Fund....................... 20.0 Use Tax on HMOs (PA 440 of 2008)...................................................... 357.7 Subtotal Ongoing Revenue ......................................................................... $7,553.4 One-Time Revenue: FY 2008-09 Bookclosing MBT Transfer to SAF Budget ......................... (7.9) Transportation Economic Development Fund Transfer to General Fund 12.0 Railroad...
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State Budget. Effective January 1, 2013, the District contribution toward the medical insurance plan shall return to a cap of $9,500 annually.
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State Budget. It is mutually agreed that if the Budget Act of the current year does not appropriate sufficient funds for the program, this contract will be void and of no further force and'effect. In such an event, the State shall have no further to pay any funds whatsoever to the Contractor or to furnish any other considerations under this contract, and the Contractor shall not be obligated to perform any provisions of this contract or to provide services intended to be funded pursuant to this contract. If funding for this contract is reduced or deleted by the Budget Act for the purposes of this program, the State shall have the option to either cancel this contract with no liability occurring to the State, or offer a contract amendment to the Contractor to reflect the reduced amount.
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State Budget. Notwithstanding anything in this Agreement to the contrary, an event of default by the AOC cannot occur if the AOC is unable to make any payments as a result of the State of California’s failure to timely approve and adopt a budget. Should the AOC fail to make any payment as a result of the State of California’s failure to timely approve and adopt a budget, County must continue to provide services under this MOU and the AOC must promptly pay any previously due payment upon approval and adoption of the budget for the State of California, except that County may terminate this agreement pursuant to paragraph 4 of the Agreement. APPENDIX 1 to EXHIBIT “B” HOURLY RATES County shall provide the court with other maintenance services, as requested by the court. All work orders shall be authorized by Court’s Customer call center in advance. Materials shall be invoices separately for actual cost, including handling and sales tax. Job Title Hourly Rate Grounds Keeper $ 39.35 Bldg Maintenance Mechanic I $ 34.62 Bldg Maintenance Mechanic II $ 48.09 Assistant Facilities Manager $ 59.52 EXHIBIT “C” CRITERIA FOR APPROVING COUNTY EMPLOYEES AND COUNTY CONTRACTORS WITH RESPECT TO BACKGROUND CHECKS The County will not knowingly permit any County employee or County contractor employee to access or work unescorted in any Restricted Area of the Court Facility if any of the following applies to that employee or Contractor:
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State Budget. Payments to be made under this Agreement are from State of California funds and are made by the State. Notwithstanding anything in this Agreement to the contrary, it shall not be deemed an event of default if the State is unable to make any payment(s) as a result of the State’s failure to timely approve and adopt a State Budget. Should the State fail to make any payment as a result of the State of California’s failure to timely approve and adopt a State Budget, Contractor shall continue to provide Work and materials and the State shall promptly pay any previously due payment upon approval and adoption of a State Budget by the State of California. END ARTICLE 7
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State Budget. Through June 30, 2012, this program is funded by the State to the extent that the Legislature appropriates funds through the budget process. On and after July 1, 2012, this program is funded by the State with funds paid to the Contractor from the Local Revenue Fund 2011. If state funding for this program is eliminated or reduced by an act of the legislature after the effective date of this contract, the Department and the Contractor each shall have the option to either cancel this contract or propose a contract amendment to address changes to the program required as a result of the elimination or reduction of state funding, except that cancellation of the contract by the Contractor is subject to the requirements of Section 5775(d) of the Welfare and Institutions Code.
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Related to State Budget

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Approved Budget (a) Subject to subsection (b) and subsection (c) below, none of the Credit Parties shall pay any obligations or expenses (including, without limitation, bonus payments or other compensation to senior management personnel, but excluding legal fees and expenses) except to the extent expressly contemplated and permitted in the Current Period of the Approved Budget applicable at the time of such payment. On or before the Wednesday prior to the first Monday of each Fiscal Month of the Borrower, commencing with the Wednesday prior to the first Monday of October 2010, the Borrower shall deliver an updated budget (for the period of 13 weeks commencing with the first day of such Fiscal Month) (each, a “Proposed Budget”) to Agent. Each such Proposed Budget shall be accompanied by a variance report setting forth actual cash receipts and disbursements from the Petition Date through the last day of the preceding month and all variances, on an aggregate basis and, with respect to Specified Budget Line Items, on a line-item basis, for such period from the amounts set forth for the corresponding period in the preceding Approved Budgets (including explanations for each such material variance), certified by the Chief Restructuring Officer as being prepared in good faith and fairly presenting in all material respects the information set forth therein. Each Proposed Budget provided to Agent shall be of no force and effect unless and until it is approved in writing by the Requisite Lenders, and until such approval is given the prior Approved Budget shall remain in effect and no Credit Party may pay any obligations or expenses (excluding legal fees and expenses) other than as permitted (subject to subsection (b) below) in the Current Period of such prior Approved Budget. The Requisite Lenders shall approve or reject each Proposed Budget within four Business Days after delivery by the Borrower to Agent as set forth above, provided that any failure to approve a Proposed Budget shall constitute a rejection of such Proposed Budget. Any such Proposed Budget, upon the written approval of the Requisite Lenders shall become, as of the date of such approval and for the period of time covered thereby, the Approved Budget, and shall prospectively replace any prior Approved Budget.

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Annual Budget Prior to the date hereof, Borrower has submitted and Lender has approved an Annual Budget for the 2015 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding Fiscal Year. During the continuance of a Trigger Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably conditioned, delayed or withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Trigger Period or any Annual Budget submitted prior to the commencement of a Trigger Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.3(a). If Lender has the right to approve an Annual Budget pursuant to this Section 6.8.3, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Monthly Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses and Capital Expenditures for the Interest Period related to such Monthly Payment Date. If during any Trigger Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year, except that the line item for Capital Expenditures shall not exceed the Capital Expenditures set forth in the Approved Initial Budget.

  • Construction Cost Budget The total cost to District of all elements of the Project designed or specified by the Architect, as adjusted at the end of each design phase in accordance with this Agreement. The Construction Cost Budget does not include the compensation of the Architect and the Architect’s Consultants, the cost of land, rights-of-way, financing or other costs which are the responsibility of the District, including construction management.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

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