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Operating purposes definition

Operating purposes means all purposes for which ad valorem property taxes are levied by the taxing unit other than the levy of ad valorem property taxes to provide local school districts revenue that is deposited in a building and site fund, or to pay principal and interest due on a bond or note if and to the extent the ad valorem taxes levied for this purpose are in addition to charter or statutory limitations, as authorized by the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
Operating purposes means all purposes for which ad valorem property taxes are levied by the taxing
Operating purposes means all purposes for which ad valorem property taxes are levied by the taxing unit other than the levy of ad valorem property taxes to provide local school districts revenue that is deposited in a building and site fund, or to pay principal and interest due on a bond or note if and to the extent the ad

Examples of Operating purposes in a sentence

  • Manager may also maintain house banks or xxxxx cash funds as reasonably required for Operating purposes.

  • To meet the appropriation provided by this Ordinance to cover School District Operating purposes, the Colleton County Auditor is authorized and directed to levy upon all taxable property in Colleton County, South Carolina, and the Colleton County Treasurer is directed to collect millage in the amount of 116.42.

  • Endowment Net Asset Composition by Type of Fund as of December 31, 2015Investments to be held in perpetuity are as follows: Operating purposes$ 450,000Unappropriated earnings thereon 1,698Total$ 451,698 Funds with DeficienciesThere are no funds with deficiencies.

  • Endowment Net Asset Composition by Type of Fund as of December 31, 2017Investments to be held in perpetuity are as follows: Operating purposes$ 450,000 Funds with DeficienciesThere are no funds with deficiencies.

  • VA will provide ACF with a file of individuals receiving VAcompensation and pension benefits.

  • The change in the TEI has resulted purely from a reallocation of funding between that for Capital purposes and that for Operating purposes withno change to the overall total.

  • General Operating purposes Segment 2) General Corporate purposes INTEREST RATES: Segment 1) USD/KYD Prime + 1%/LIBOR + 1.50% Segment 2) LIBOR + 1.50% The Borrower shall pay interest monthly in arrears on Prime-based facilities at the annual rate set out above calculated on a daily basis and based on the actual number of days elapsed in the period for which interest is being calculated divided by 365.

  • Henry -------------------------- Title: Vice President Finance Date: November 30, 2000 ------------------------ Page 1 TERMS AND CONDITIONS CREDIT NUMBER: 01 AUTHORIZED AMOUNT: $5,000,000 -------------------------------------------------------------------------------- TYPE Operating PURPOSE General Operating purposes CURRENCY U.S. dollar and/or Canadian dollar equivalent thereof.

  • This is within the acceptable finance committee’s benchmark of 5% for Operating purposes.

  • With funding levels uncertain for Public Housing Operating purposes, and Capital Fund levels also historically declining, Public Housing must work to maintain housing that not only meets standards for decent, safe, and affordable, but also is adequately attractive to persons and families who have other housing alternatives in Portage and neighboring counties.

Related to Operating purposes

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.