Local money definition

Local money means money that is owned, held or administered by a political subdivision of the state that is derived from fee or tax revenues but does not include money received by a nonprofit corporation as payment for goods or services purchased from the nonprofit corporation or contributions or donations received by the political subdivision.
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Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues.
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Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues. “Local money” does NOT include money received by an NGO as payment for goods and services purchased from the NGO or contributions/donations received by the political subdivision.
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Examples of Local money in a sentence

  • Public works projects costing $60,000 or more and funded in part by State or Local money require wage decision.

  • They are usually quite small andfocus on local markets.Rotating Savings and Credit Associations (ROSCA), Local money lenders, Small Business OwnersSource: (Oshadare & Apelogun) These institutions all operate at various levels of efficiency.

  • Local money lenders account for almost 26% share of total agricultural credit.

  • Local money from the City of Worthington, Okabena- Ocheda Watershed District and grants from the Olson Trust have used to monitor lakeand stream conditions, install conservation practices on farmland and provide public education materials.

  • As such, they hope that their Big Local money may ‘kickstart regeneration … to lever in additional funds’.

  • Local money, which Silvio Gesell called “free currency” or the Freigeld monetary system and which were described in The Natural Economic Order [cf.

  • These workers were often paid using Big Local money and employed through a locally trusted organisation such as the registered social landlord, local authority or a local voluntary organisation.

  • The Group’s principal financial instruments comprise:• Cash and cash equivalents• Local money market instruments• Short-term investments• Bonds• Receivables• Payables• Loans to and from subsidiariesThe activities of the Group expose it to market interest rate risks, credit risks and liquidity risks.

  • Big Local money will be used to recruit workers, a circular route needs to be established for several places and garaging needs to be established some of this will be covered at the next Transport meeting.

  • The inclusion of information in the Schedules or the Disclosure Letter shall not be construed as an admission that such information is material to the Assets, the Assumed Liabilities or Seller.


More Definitions of Local money

Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues. “Local money” does NOT include money received by an NGO as payment for goods and services purchased from the NGO or contributions/donations received by the political subdivision.NGO Reporting Requirements An NGO that receives state money or federal pass-through money from a state agency must enter into a written agreement with that state agency in which the NGO agrees to disclose to the state agency annually whether the NGO received or spent at least $25,000 in combined federal pass-through, state and local money in both 1) the previous year, and2) the year in which the federal pass-through or state money is received. An NGO that receives or spends at least $25,000 in combined federal pass-through, state, and local money is required to submit the following reports annually to the Office of the Utah State Auditor at reporting.auditor.utah.gov. (If your nonprofit is not located in the dropdown menu for nonprofits, please contact Kylie Cone at kcone@utah.gov or 801- 538-1025.) These reports are due within 6 months of the NGO’s fiscal year end. TOTAL COMBINED AMOUNT OF FEDERAL PASS-THROUGH, STATE AND LOCAL MONEYTYPE OF REPORT REQUIRED (DUE WITHIN 6 MONTHS OF NGO’S FISCAL YEAR END)MORE THAN $750,000An audit in accordance with Generally Acceptance Auditing Standards (GAAS)BETWEEN $350,000 AND $750,000A review conducted by an independentcertified public accountantBETWEEN $100,000 AND $350,000A compilation of its accounts by an independent certified public accountant. BETWEEN $25,000 AND $100,000A copy of Form 990 or a financial report form Note: An audit in accordance with GAAS will satisfy any of the reporting requirements listed above.Question and Answers:If an NGO goes through a competitive application process, are they exempt from reporting requirements?No, even if an NGO goes through a competitive application process, the result is still a grant awarded to the NGO and would qualify them for reporting to the Office of the State Auditor. A competitive application process is NOT the same as going through the “state procurement process.”Are the reporting requirements based on the amount awarded during the fiscal year, or the actual amounts received and/or spent during the fiscal year?The reporting requirements (i.e. audit, review, compilation, Form 990) are based on the actual combined amount of federal pass-through, state and loca...
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Related to Local money

  • International Monetary Assets means all (i) gold, (ii) Special Drawing Rights, (iii) Reserve Positions in the Fund and (iv) Foreign Exchange.

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Xxxxxxx Money shall have the meaning assigned thereto in Section 2.3.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Secured Money means all money which any Obligor owes to the Lender whether under this Agreement or any other arrangement (including amounts that may be advanced after the date of this Agreement);

  • Public money means any funds or money obtained from any governmental entity, including, but not limited to, research grants.

  • Borrowed Money means any obligation (excluding an obligation under a revolving credit arrangement for which there are no outstanding, unpaid drawings in respect of principal) for the payment or repayment of borrowed money (which term shall include, without limitation, deposits and reimbursement obligations arising from drawings pursuant to letters of credit);

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Purchase Money Lien means any Lien upon any fixed assets that secures the Purchase Money Indebtedness related thereto but only if such Lien shall at all times be confined solely to the asset the purchase price of which was financed or refinanced through the incurrence of the Purchase Money Indebtedness secured by such Lien and only if such Lien secures only such Purchase Money Indebtedness.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Local governments means all counties, cities, and towns within the geographic boundaries of the State of Washington.

  • Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by the Company in the ordinary course of business; provided that (a) such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and (b) the obligation secured by any such Lien so created shall not exceed 100% of the cost of the property including transportation and installation costs, covered thereby.

  • Trade Instruments means any performance bonds, advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Security Agreements means the U.S. Security Agreement and the Canadian Security Agreement.

  • Purchase Money RM Deposit Paid : RM Balance Due : RM The Terms and Conditions specified herein shall govern all members of xxx.xxxxxxxxxxxxxxxx.xxx (“EHSAN AUCTIONEERS SDN. BHD. website”).

  • Existing Obligations means the “Obligations” under and as defined in the Existing Credit Agreement.

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Related Real Estate Documents with respect to any Real Estate subject to a Mortgage, the following, in form and substance satisfactory to Agent and received by Agent for review at least 10 days prior to the effective date of the Mortgage: (a) a mortgagee title policy (or binder therefor) covering Agent’s interest under the Mortgage, in a form and amount and by an insurer acceptable to Agent, which must be fully paid on such effective date; (b) such assignments of leases, estoppel letters, attornment agreements, consents, waivers and releases as Agent may require with respect to other Persons having an interest in the Real Estate; (c) a current, as-built survey of the Real Estate, containing a metes-and-bounds property description and flood plain certification, and certified by a licensed surveyor acceptable to Agent; (d) flood insurance in an amount, with endorsements and by an insurer acceptable to Agent, if the Real Estate is within a flood plain; (e) a current appraisal of the Real Estate, prepared by an appraiser acceptable to Agent, and in form and substance satisfactory to Required Lenders; (f) an environmental assessment, prepared by environmental engineers acceptable to Agent, and accompanied by such reports, certificates, studies or data as Agent may reasonably require, which shall all be in form and substance satisfactory to Required Lenders; and (g) an Environmental Agreement and such other documents, instruments or agreements as Agent may reasonably require with respect to any environmental risks regarding the Real Estate.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Facility Agreements means the agreements of that name between the Issuer and different

  • Indebtedness for Borrowed Money means any present or future indebtedness (whether being principal, premium, interest or other amounts) for or in respect of (i) money borrowed, (ii) liabilities under or in respect of any acceptance or acceptance credit or (iii) any bonds, notes, debentures, loan capital, certificates of deposit, loan stock or other like instruments or securities offered, issued or distributed whether by way of public offer, private placement, acquisition consideration or otherwise and whether issued for cash or in whole or in part for a consideration other than cash;