Local financial support definition

Local financial support means financial investment by the recipient through the use of the recipient’s own discretionary funds that are a permanent financial contribution or commitment applied to and related to the objectives of the housing activity or project assisted through the HOME partnership program and that are used during the same time frame as the requested housing activity or project.

Local financial support or “local match” means cash or in-kind contributions to be used for the project from a private donor, a business, or the pilot project city. “Cash” includes but is not limited to loans, forgivable loans or grants. “In-kind contributions” means contributions directly related to the project and includes but is not limited to the construction of private or public infrastructure or other amenities and improvements.

Local financial support means funding from local sources, public or private, which is paid to the Economic Development Trust Fund and which is equal to 20 percent of the annual tax refund for a qualified applicant. Local financial support may include excess payments made to a utility company under a designated program to allow decreases in service by the utility company under conditions, regardless of when application is made. A qualified applicant may not provide, directly or indirectly, more than 5 percent of such funding in any fiscal year. The sources of such funding may not include, directly or indirectly, state funds appropriated from the General Revenue Fund or any state trust fund, excluding tax revenues shared with local governments pursuant to law.

Examples of Local financial support in a sentence

• Local financial support refund will be provided un the cash is received.

• Local financial support for the civil society is minimal, unrealizable and it mainly comes through consultancies undertaken by individual organizations.

• Local financial support funded the construction of the campus facilities, which the state furnishes and maintains.

• The LEA will not reduce the amount of State and/or Local financial support for special education and related services for children with disabilities below the amount of that support for the preceding fiscal year, unless the LEA is eligible for exceptions or adjustments, in accordance with 20 U.S.C. 1412(a)(18)(A)-(D); 34 CFR §§300.203 through 205.

• The City has established fee-waivers for not-for-profit affordable housing developers so that sewer tap fees and building/zoning fees are typically waived, so long as housing meets affordability requirements.

• Local financial support can include the following approaches: 1) cost sharing with local agencies; 2) locally-generated revenues from transit-oriented development; 3) commercial concessions at high-speed rail stations; and 4) cooperative funding arrangements with local transportation agencies.

• Local financial support means funding from local sources, public or private, which is equal to 20 percent of the annual tax refund for a qualified business (s.

• Local financial support means funding from local sources, public or private, which is equal to 20 percent of the annual tax refund for a qualified business.5 Approved applicants enter into an agreement with OTTED and may receive refunds based on the payment of sales and use taxes, corporate income taxes, intangible personal property taxes, emergency excise taxes, excise taxes on documents, and ad valorem taxes.

More Definitions of Local financial support

Local financial support means funding from local sources, public or private, that is paid to the Economic Development Trust Fund and that is equal to 20 percent of the annual tax refund for a qualified target industry business. A qualified target industry business may not provide, directly or indirectly, more than 5 percent of such funding in any fiscal year. The sources of such funding may not include, directly or indirectly, state funds appropriated from the General Revenue Fund or any state trust fund, excluding tax revenues shared with local governments pursuant to law.

Local financial support means cash or in-kind contributions to the project from a private donor, a business, or the pilot project city.

Local financial support means funding from local sources, public or private, which is paid to the Economic Development Trust Fund and which is equal to 20 percent of the annual tax refund for a qualified applicant. Local financial support may include excess payments made to a utility company under a designated program to allow decreases in service by the utility company under conditions, regardless of when applica- tion is made. A qualified applicant may not provide, directly or indirectly, more than 5 percent of such funding in any fiscal year. The sources of such funding