County subsidy definition

County subsidy means any grant, loan that is forgiven or discounted below the market rate over the life of the loan, bond financing, infrastructure improvements related to a project, below-market sale or lease of property, or other form of financial assistance related to a project with an aggregate value of at least one hundred thousand dollars ($100,000) but shall not include an educational or training grant. For purposes of determining whether the assistance threshold is met, all affiliates, controlled organizations, controlling organizations, and/or organizations having an identity of interest with the assistance recipient shall be treated as a single entity. Market value shall be determined by a third party that shall not include the County or the County subsidy recipient.
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County subsidy means funds, grants, conditional loans, contracts, loans, tax abatements (including payments in lieu of taxes, known as PILOTs), tax credits, land transfers (if sold or transferred for consideration below fair market value), exemptions in-whole or in-part from fees or surcharges, and tax increment financing awards, received from or administered by a County agency or the County government (also including quasi-public entities established or regulated by the County Code, including, but not limited to, the Housing Authority, Redevelopment Authority, and the Revenue Authority). Net present value shall be used in calculating the value of a County subsidy.
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Examples of County subsidy in a sentence

  • The County subsidy may be used for the following eligible costs: (1) Acquisition costs - The cost of acquiring single family housing.

  • County subsidy receivable is recognized on the budget approval date, which is the date that the budget is certified by the County Board of Supervisors.

  • Financing is provided by user service charges and a County subsidy.

  • The amount of the County subsidy that is paid will thereafter be a set dollar amount and will not be a percentage of the premium charged by the CCHP Plan A-2.

  • There is no general County subsidy offered as part of this procurement.

  • The bidders shall assume no general County subsidy for this procurement.

  • The County subsidy of the employee's group insurance plan(s) continues during the continuing pay period and during integration of sick leave or vacation with Workers' Compensation benefits.

  • The County subsidy for the Medicare Supplemental Plan is 75% of the plan premium for Medicare eligible individuals who retired prior to July 1, 2007.

  • The County Board, having reviewed the County practice of subsidizing the cost of elected officials’ County sponsored major medical coverage upon the elected officials leaving office (as reflected in Resolution No. 12181805 (Resolution)), discontinues the practice of making the County subsidy (reflected in said Resolution) available for County officials newly elected to a County office on or after June 20, 2023.

  • The County Board shall continue the practice of making the County subsidy (reflected in said Resolution) available for current County officials in elected office, except Term of Benefit in said Resolution shall sunset on December 31, 2023 for accrual of benefit.

Related to County subsidy

  • County means the county of Los Angeles or any public entities for which the board of supervisors is the governing body. (Ord. 2002-0040 § 1, 2002: Ord. 2002-0015 § 1 (part), 2002)

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers hereof.

  • County highway means a public road that is constructed and

  • Residence in foreclosure or “affected residence” means residential real property consisting of one to four family dwelling units, one of which the owner occupies as the owner’s principal place of residence, where a delinquency or default on any loan payment or debt is secured by or attached to the residential real property including but not limited to contract for deed payments, real estate contracts, or real estate taxes.

  • Assessment area means an area, or, if more than one area is designated, the

  • Counties means, collectively, Macomb County, Oakland County and Wayne County.

  • Ameren Illinois means Ameren Illinois Company d/b/a Ameren Illinois.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Effective county tax rate means the actual county tax rate multiplied by a weighted average of the three most recent annual sales assessment ratio studies.

  • County Executive means the County Executive of the County.

  • Real Property Laws has the meaning set forth in Section 4(l) below.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Residential district means an area of a municipality where 75% or more of the area is zoned for residential housing.

  • County clerk means the county clerk or the county official in charge of elections.

  • Burswood Casino means those premises in the Resort Complex identified in the Drawings as the areas to constitute the casino and includes areas in which money counting, surveillance, storage and other activities related to the conduct and playing of Games are carried on; and

  • County employee means any individual authorized by Hardin County to inspect any Game Room for compliance with these Regulations.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Assessment lien means a lien on property within an assessment area that arises

  • County Assessor means the Greenville County Assessor, or the person holding any successor office of the County.

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Premises.

  • Municipal Obligation means municipal securities as described in the prospectus or other offering document for a Series.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

Most Referenced Clauses

Most Referenced Definitions