Examples of Historic dollar value in a sentence
Historic dollar value, as defined under the South Carolina Uniform Management of Institutional Funds Act (34–6–10), means the aggregate fair value in dollars of (i) an endowment fund at the time it became an endowment fund, (ii) each subsequent donation to the fund at the time it is made, and (iii) each accumulation made pursuant to a direction in the applicable gift instrument at the time the accumulation is added to the fund.
Historic dollar value was determined based on contributions to the endowment fund.
Historic dollar value was the value of the contribution at the time it was made.
Historic dollar value" means the fair value in dollars of an endowment fund at the time it first became an endowment fund, plus the fair value in dollars of each subsequent donation to the fund at the time it is made, plus the fair value in dollars of each accumulation made pursuant to a direction in the applicable gift instrument at the time the accumulation is added to the fund.
Historic dollar value abolishedUPMIFA abolishes the historic dollar vlaue limitation on expenditure in UMIFA.