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.
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Operating purposes means all purposes for which ad valorem property taxes are levied by the taxing
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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
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Examples of Operating purposes in a sentence

  • Operating purposes as outlined in § 1980.175(c)(1) of subpart B of part 1980 of this chapter except for those stipu- lated in paragraphs (c)(1) (iv) and (vii) of that section.

  • Operating purposes as outlined in § 1980.175 (c)(1) of Subpart B of this part except for those stipulated in § 1980.175(c)(1)(iv) and (vii).

  • Operating purposes as outlined in § 1980.175 (c)(1) of subpart B of this part except for those stipulated in § 1980.175(c)(1)(iv) and (vii).

  • Operating purposes for a specified period of time provided that such increased millage is approved by a majority of the qualified electors of the local unit.

  • Operating purposes for a specified period of time provided that such increased millage is approved by a majority of the qualified electors of the local unit.Year of Levy Tax Levy * Prior to 1997, the County's fiscal year began on January 1st and ended on December 31st.

  • Operating purposes that are other than to provide goods or services at a profit or profit equivalent.

  • Operating purposes as outlined in§ 1980.175 (c)(1) of Subpart B of this part except for those stipulated in§ 1980.175(c)(1)(iv) and (vii).

  • FY 2009 FY 2010 410 Other Local Revenue 240,000 0 These amounts are now included in Local Cash Grants 411 State Cash Grants 0 0 State Transit Assistance Funds (STAF) are flexible revenues for Capital or Operating purposes.

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  • 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.

Related to Operating purposes

  • Common Purposes shall include the purposes of managing and maintaining the Premises, the Buildings and in particular the Common Portions, rendition of services in common to the Unit Owners, collection and disbursement of the Common Expenses and dealing with the matters of common interest of the Unit Owners and relating to their mutual rights and obligations for the beneficial use and enjoyment of their respective Units exclusively and the Common Portions in common.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Agreed Purposes as defined in Section 10.14.