Allowable Subsidy definition

Allowable Subsidy refers to Allowable Subsidy as defined in s. 1 of Reg. 200/21 under Connecting Care Act, 2019.
Sample 1Sample 2Sample 3
Allowable Subsidy refers to Allowable Subsidy as defined in s. 3 of Reg. 264/07 under LHSIA.
Sample 1Sample 2Sample 3
Allowable Subsidy means the allowable subsidy as determined by the Minister in accordance with the reconciliation reports, any agreement between the Ministry and the licensee pertaining to the payment of funds, any conditions attached to the funding and all applicable Ministry policies for the management, payment and use of funds. O. Reg. 79/10, s. 243 (8).
Sample 1Sample 2

Examples of Allowable Subsidy in a sentence

  • They are measured and recognised at their fair value (see Notes A.3.20.

  • The Allowable Subsidy is then compared to the cash flow advanced as monthly payments for the period, plus or minus adjustments that apply to that same twelve-month period but which may have occurred before or after the same twelve-month period, to determine the Final Settlement Amount.

  • Cash flow that is less than the Allowable Subsidy results in a payment to the licensee.

  • Recovery – means the process by which the LHINs and Ministry recover monies from a licensee as a result of a variance between the Allowable Subsidy and the Estimated Total Subsidy whereby future funding payments to a licensee are reduced based on established recovery standards in accordance with Section 2.4, or by a lump-sum repayment by way of bank draft payable to the Minister of Finance, or by any other means necessary.

  • Limitations on purchases shall be enforced pursuant to the Maximum Allowable Subsidy limits in effect at the time of purchase.

  • The Allowable Subsidy is compared to actual cash flowed during the same period, plus or minus any adjustments as they apply to that same twelve-month period but which may have occurred before or after the same twelve-month period, to determine the Final Settlement Amount in the form of a recovery from or payment to a licensee.

  • In order to determine the Allowable Subsidy, the Total Recoverable Revenue is deducted from the Total Eligible Expenditures.

  • The Final Settlement Amount will take into consideration the actual occupancy, the actual resident co-payment revenue charged, and the actual eligible expenditures as reported in the audited Long-Term Care Home Annual Report, subject to adjustments as provided for in this Policy document, to determine the Allowable Subsidy.

  • With respect to the Long-Term Care Home Annual Report reconciliation process, the Allowable Subsidy is determined based on the audited Long-Term Care Home Annual Report submission, subject to adjustments where appropriate to comply with the terms and conditions of funding as set out in the applicable policies and governing documents.

  • The Final Settlement Amount is equal to the difference between the Allowable Subsidy and the sum of the Estimated Total Subsidy advanced as monthly cash flows for the same twelve-month period, plus or minus any adjustments that apply to that same twelve-month period, but which may have occurred before or after the same twelve- month period.


More Definitions of Allowable Subsidy

Allowable Subsidy referç to AIIowabIe Subçidy aç defined in ç. 3 of Reg. 264/07 under LHSIA.
Sample 1Sample 2

Related to Allowable Subsidy

  • Health care expenses means, for purposes of Section 14, expenses of health maintenance organizations associated with the delivery of health care services, which expenses are analogous to incurred losses of insurers.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Allowable Cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Allowable emissions means the emission rate of a stationary source calculated using both the maximum rated capacity of the source, unless the source is subject to federally enforceable limits which restrict the operating rate or hours of operation, and the most stringent of the following:

  • Allowable Expenses means any Medically Necessary, Usual and Customary item of expense, at least a portion of which is covered under this Plan. When some Other Plan provides benefits in the form of services rather than cash payments, the reasonable cash value of each service rendered in the amount that would be payable in accordance with the terms of the Plan shall be deemed to be the benefit.

  • Allowable Deductions means the following costs, charges, and expenses incurred or accrued by Payor:

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is: • covered at least in part under one or more plans covering the person for whom the claim is made; and • incurred while this plan is in force. When a plan provides healthcare coverage in the form of services, the reasonable cash value of each service is considered as both an allowable expense and a benefit paid. Vision care services covered under other plans are not considered an allowable expense under this plan. PLAN means any of the following that provides benefits or services for medical, pharmacy, or dental care treatment. If separate contracts are used to provide coordinated coverage for members of a group, the separate contracts are considered parts of the same plan and there is no COB among those separate contracts.

  • Medicare Levy Surcharge means an extra charge payable by high income earners beyond the standard Medicare Levy if they do not have qualifying private hospital insurance coverage. This charge is assessed as part of an individual or family’s annual tax return.

  • Affordable Housing Cost means an amount satisfied by:

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Medicare eligible expenses means expenses of the kinds covered by Medicare Parts A and B, to the extent recognized as reasonable and medically necessary by Medicare.

  • Separate Business means each of the activities of the Licensee connected

  • Medicare Advantage plan means a plan of coverage for health benefits under Medicare Part C as defined in 42 U.S.C. 1395w-28(b)(1), and includes:

  • Health care facility or "facility" means hospices licensed

  • Affordable housing project means, for purposes of this part, title fourteen of article twenty seven of the environmental conservation law and section twenty-one of the tax law only, a project that is developed for residential use or mixed residential use that must include affordable residential rental units and/or affordable home ownership units.

  • Permitted Group means any group of investors that is deemed to be a "person" (as that term is used in Section 13(d)(3) of the Exchange Act), by virtue of the Stockholders Agreement, as the same may be amended, modified or supplemented from time to time; provided that no single Person (other than the Principals and their Related Parties) Beneficially Owns (together with its Affiliates) more of the Voting Stock of the Company that is Beneficially Owned by such group of investors than is then collectively Beneficially Owned by the Principals and their Related Parties in the aggregate.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,