Contribution in aid of construction, definition

Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a distribution main extension or service line that are in excess of costs paid by the utility. The amount of tax shall be reduced by the present value of the tax benefits to be obtained by depreciating the property in determining the tax liability.

Contribution in aid of construction, means the nonrefundable classification of money received for payment of construction costs exclusive of tap fees and the utilized Construction Allowance.

Contribution in aid of construction, as used in these subrules, means a nonrefundable cash payment covering the costs of an extension that are in excess of utility-funded allowances. Cash

Examples of Contribution in aid of construction, in a sentence

• Contribution in aid of construction for the underground facilities shall be made as required by the appropriate section of the Construction Policy.

• Contribution in aid of construction - any amount of money or property contributed to the Company to the extent that the purpose of the contribution is to provide for Line Extensions for new or expanded customer loads.

• Contribution in aid of construction, I don’t know that we have any more lots coming online for a while so I’m not sure that is overstated.

• Must payments made or received with respect to floor stocks be accounted for as adjustments to theSection 118.—Contributions tothe Capital of a Corporation26 CFR 1.118–2: Contribution in aid of construction.

• Contribution in aid of construction payments are used by the Company to reimburse the Company for a portion of the existing infrastructure installed or to install or pay for capacity expansions of the water system, such as new or expanded wells, reservoirs, water treatment facilities and primary transmission lines and related improvements, and improvements required to serve such applicants or customers.

More Definitions of Contribution in aid of construction,

Contribution in aid of construction,. (“CIAC”) as used herein shall mean cash, services, funds, property or other value received by the Company from State, municipal, or other governmental agencies, individuals, contractors, or others for the purpose of constructing or aiding in the construction of utility plant and which represents a permanent infusion of capital from sources other than the utility bondholders or stockholders.

Contribution in aid of construction, means a nonrefundable cash payment covering the costs of an extension that are in excess of utility-funded allowances. Cash payments will be grossed-up for the income tax effect of such revenue. The amount of tax is reduced by the present value of the tax benefits to be obtained by depreciating the property in determining the tax liability.

Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a distribution main extension

Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a service line that are in excess

Contribution in aid of construction, means a monetary contribution, paid by a developer or local unit of government to a utility providing natural gas service to a community receiving that service as the result of a natural gas extension project, that reduces or offsets the difference between the total revenue requirement of the project and the revenue generated from the customers served by the project.

Contribution in aid of construction, means a nonrefundable cash payment covering

Contribution in aid of construction, means a nonrefundable cash payment covering extension costs that exceed Cooperative funded allowances.