Operating Receipts definition
Examples of Operating Receipts in a sentence
Program Receipts - Program receipts shall mean Operating Receipts and any other funds received by the HA for the development, modernization, sale or transfer of public housing projects.
Interest on the Operating Receipts (including the investment of Operating Receipts), constitutes Operating Receipts.
Operating Receipts shall not include any funds received for the development or modernization of a Project, annual contributions pledged for payment of bonds or notes, or proceeds from the disposition of real property or rebates, credits, discounts and interest earned on any of them.
The Contractor shall furnish to the Authority no later than the twentieth (20th) day of each Calendar Month, a Monthly Certified Statement of Operating Receipts and Reimbursable Expenses (Statement) for the previous Calendar Month.
The Contractor shall collect, count, record, and hold all Operating Receipts in trust for the Authority, until deposited to an Authority bank account.