Examples of Local fund in a sentence
All interest monies shall be payable to the Local Fund and credited to the project.
The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to perform certain functions on behalf of the Global Fund.
Further, the request would state that the laborer agrees to waive all claims against the Home Fund and Local Fund, and their fiduciaries, relating to whether the transfer of contributions may be in his/her best interest.
If both Funds have adopted Transfer-of-Contributions Reciprocity, the laborer would need to obtain a transfer request form from the Local Fund, complete the form, and submit it to the Local Fund no later than 60 days following the date on which he/she starts work in that Fund's jurisdiction.
After a revocation is effective, the Point-of-Claim Reciprocity rules will apply to the laborer inasmuch as contributions for the laborer will have been received by his/her Home Fund as well as the Local Fund.