On Deposit definition
On Deposit means cash or equivalent under the control of the applicant or Grantee at the time of application readily available for use by the Grantee as Matching Funds. Funds On Deposit must be verifiable at the time of application to the satisfaction of the Department.
On Deposit means cash or equivalent under the control of the applicant or Grantee at the time of application readily available for use by the Grantee as Matching Funds. For new trust funds that have not previously received a grant through the LHTFP, an application shall
On Deposit means that the local Matching Funds are deposited in the Local Housing Trust Fund. The Department shall not disburse Program Funds until the Matching Funds required for the Eligible Project are On Deposit. In the event that a Trust Fund has sufficient Matching Funds in its account at the NOFA application deadline, but also has Legally-Binding Commitments to deposit additional sufficient Matching Funds prior to disbursement of any Program Funds, the Department may permit the Trust Fund to deploy the original Matching Funds, pending the Department’s approval of the Legally-Binding Commitments to deposit additional sufficient Matching Funds. In no event shall any Program Funds be disbursed until the Matching Funds required for the Eligible Project are On Deposit.
More Definitions of On Deposit
On Deposit means that the local Matching Funds cash or equivalentare deposited in the Local Housing Trust Fund. The Department shall not disburse Program Funds until the Matching Funds required for the Eligible Project are On Deposit. under the control of the applicant or Grantee at the time of application readily available for use by the Grantee as Matching Funds. Funds on Deposit must be verifiable at the time of application to the satisfaction of the Department.
On Deposit means consigned to the Authority’s Solicitors to be held as undelivered and to the Franchisee’s order subject to paragraph 2 of Schedule