Fiscal Constraint definition

Fiscal Constraint for the STIP means that it includes sufficient financial information for demonstrating that projects in the STIP can be implemented using committed, available or reasonably available revenue sources, with reasonable assurance that the federally supported transportation system is being adequately operated and maintained. Fiscal constraint applies to each State fiscal year.
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Fiscal Constraint means when seventy-five (75) percent of annual program funds have been disbursed or encumbered.
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Fiscal Constraint means a program of projects that does not exceed reasonably expected revenues in any given fiscal year.
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Examples of Fiscal Constraint in a sentence

  • Fiscal Constraint and Financial ForecastsThe CLRP and TIP shall be fiscally constrained pursuant to 23 CFR 450.324 and450.326 respectively with highway, public transportation and other transportation project costs inflated to reflect the expected year of expenditure.

  • Specific revenues available to meet the needs are identified in the Demonstration of Fiscal Constraint tables - Forecast Revenue for Transportation projects, Operations and Maintenance, by jurisdiction and source.

  • The parties agree to manage the demonstration of Fiscal Constraint for amendments and modifications through the establishment of a “Fiscal Constraint Bank” for each MPO and NJ TRANSIT, plus four Fiscal Constraint Banks for NJDOT (one for statewide projects and programs and one for each of the three MPO regions).

  • Fiscal Constraint by year shall be demonstrated by the parties through such other amendments and/or modifications as may be necessary.

  • The unobligated funds may be used for subsequent amendments or modifications to address Fiscal Constraint within the MPO.

  • If there are no outstanding balances in the Fiscal Constraint Bank, the parties shall demonstrate Fiscal Constraint for each amendment and modification.

  • The allocated funds must be derived from federal temporary12 assistance for needy families block grant equaling the total amount of temporary assistance for13 needy families block grant funds to which the state is entitled multiplied by a specific ratio.

  • The parties agree that the NJDOT shall apply these same procedures to the statewide program Fiscal Constraint Bank.

  • Code Enforcement Officer: Edgar DillonCode Enforcement Officer Phone: 645-7931Appellant: Inland Products, PO BOX 2228, Columbus, Ohio 43216Owner: Gary H.

  • The parties agree to demonstrate Fiscal Constraint for all amendments and modifications to a TIP/STIP pursuant to 23 CFR Part 450 and 49 CFR Part 613 and to identify all projects involved in such revisions on a Fiscal Constraint chart to be developed by each party.


More Definitions of Fiscal Constraint

Fiscal Constraint means when the potential cumulative cost of equipment requested
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Fiscal Constraint means when the potential cumulative cost of equipment requested through the program for a budgeted portion of a fiscal year equals or exceeds 75% of program funds designated by the department to be available for purchasing equipment during the same period or when 75% of program funds for a fiscal year have been disbursed or encumbered projected expenditures may exceed appropriated funds for equipment distribution within a budgeted period.
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Fiscal Constraint for transportation plans means that the total estimated costs of projects included in a plan cannot exceed estimated revenues and the estimated cost of construct- ing, operating, and maintaining the total (existing plus planned) transportation system over the period of the plan.
Sample 1

Related to Fiscal Constraint

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • General purpose equipment means equipment, which is not limited to research, medical, scientific or other technical activities. Examples include office equipment and furnishings, modular offices, telephone networks, information technology equipment and systems, air conditioning equipment, reproduction and printing equipment, and motor vehicles.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Completion of Construction means the date, as determined by the Division after consultation with the Recipient, that the work of building and erection of the Project is substantially complete.