Grant Allocation Assessment definition

Grant Allocation Assessment means an assessment, expressed as a percent per annum, accruing on the unpaid balance of the Loan. It is computed similarly to the way interest charged on the Loan is computed and is included in the Semiannual Loan Payment. The Department will use Grant Allocation Assessment moneys for making grants to financially disadvantaged small communities pursuant to Section 403.1835 of the Florida Statutes.

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Grant Allocation Assessment means that portion of each repayment of each non-capitalization grant project loan used solely for the purpose of making wastewater grants to financially disadvantaged small communities under Section 403.1838, F.S. The grant allocation assessment is in addition to the principal and interest portions of each non-capitalization grant project loan repayment and is included as a component of the financing rate.

Grant Allocation Assessment means an assessment, expressed as a percent per annum, accruing on the unpaid balance of the Loan. It is computed similarly to the way interest charged

Examples of Grant Allocation Assessment in a sentence

The interest and Grant Allocation Assessment on the unpaid balance shall be computed as of the due date of each Semiannual Loan Payment.
The Financing Rate equals the sum of the interest rate and the Grant Allocation Assessment Rate.
The interest and Grant Allocation Assessment portions of each Semiannual Loan Payment shall be computed, using their respective rates, on the unpaid balance of the principal amount of the Loan, which includes Capitalized Interest.
If at any time the Local Government shall have paid, or shall have made provision for the timely payment of, the entire principal amount of the Loan, and as applicable, Loan Service Fee, interest, and Grant Allocation Assessment charges, the pledge of, and lien on, the Pledged Revenues to the Department shall be no longer in effect.
The interest rate is 0 percent per annum and the Grant Allocation Assessment rate is 0 percent per annum.
If at any time the Local Borrower shall have paid, or shall have made provision for the timely payment of, the entire principal amount of the Loan, and as applicable, Loan Service Fee, interest, and Grant Allocation Assessment charges, the pledge of, and lien on, the Pledged Revenues to the Corporation shall be no longer in effect.
The interest and Grant Allocation Assessment portions of each Semiannual Loan Payment shall be computed, using their respective rates, on the unpaid balance of the principal amount of the Loan, which principal includes Capitalized Interest.
If at any time the Local Government shall have paid, or shall have made provision for the timely payment of, principal amount of the Loan, and as applicable, Loan Service Fee, interest, and Grant Allocation Assessment charges, the pledge of, and lien on, the Pledged Revenues to the Department shall be no longer in effect.
The interest rate is 0.215 percent per annum and the Grant Allocation Assessment rate is 0.215 percent per annum.
The interest rate is 0.36 percent per annum and the Grant Allocation Assessment rate is 0.36 percent per annum.

More Definitions of Grant Allocation Assessment

Grant Allocation Assessment means an assessment, expressed as a percent per annum, accruing on the unpaid balance of the Loan. It is computed similarly to the way interest charged on the Loan is computed and is included in the Semiannual Loan Payment. After paying or providing for the payment of debt service on the Bonds, the Department will use Grant Allocation Assessment moneys for making grants to financially disadvantaged small communities pursuant to Section 403.1835 of the Florida Statutes.

Grant Allocation Assessment means that portion of each repayment of each loan made after June 30, 1997, that shall be used solely for the purpose of making wastewater grants to financially disadvantaged small communities under Rule Chapter 62-505, F.A.C. The grant allocation assessment shall be in addition to the principal and interest portions of each loan repayment.

Grant Allocation Assessment means that portion of each State Revolving Fund non-capitalization grant project loan repayment under Chapter 62-503, F.A.C., made after June 30, 1997, used solely for the purpose of making wastewater grants to financially disadvantaged small communities under this chapter.

Grant Allocation Assessment means that portion of each State Revolving Fund non-capitalization grant project loan repayment under Chapter 62-503, F.A.C., repayment of each loan made after June 30, 1997, that shall be used solely for the purpose of making wastewater grants to financially disadvantaged small communities under this rule chapter. Loans for wastewater management facilities under rule chapter 62-503, F.A.C., and loans for stormwater management facilities 62-504, F.A.C., provide for such grant allocation assessments. The grant allocation assessment shall be in addition to the principal and interest portions of each repayment.

Grant Allocation Assessment means that portion of each repayment of each loan made after June 30, 1997, used solely for the purpose of making wastewater grants to financially disadvantaged small communities under Rule Chapter 62-505, F.A.C. The grant allocation assessment is in addition to the principal and interest portions of each loan repayment. The grant allocation assessment is established using a rate that compounds semiannually from a point in time six months before the first semiannual loan repayment is due until the loan is repaid.

Grant Allocation Assessment means that portion of each repayment of each non-capitalization grant project