Operating subsidies definition

Operating subsidies means payments to owners of affordable housing developments that make the housing more affordable by covering a portion of the ongoing costs of operating the development. Such payments would have the same effect as rental assistance.
Sample 1Sample 2Sample 3
Operating subsidies has the meaning set forth in the Transportation Resolution and, includes, without limitation, the monies described in clause (i) of Section 8 of the RANs Resolution.
Sample 1Sample 2Sample 3
Operating subsidies has the meaning set forth in the Transportation Resolution and, include, without limitation, the monies described in subclauses (i) through (vii) of clause (a) of Section 8 of the RANs Resolution. For purposes of clarification, Operating Subsidies pledged hereunder as Pledged Revenues derived from (a)
Sample 1

Examples of Operating subsidies in a sentence

  • Operating subsidies received from public authorities are also excluded.

  • Operating subsidies are authorized by the City after the TTC’s operating budget has been approved.

  • Specify if any Operating subsidies are awarded to this project or contemplated for this project.

  • Operating subsidies are provided for the projects to help make them affordable.

  • Operating subsidies from flexible housing subsidy funds shall be in the form of 15-year capitalized operating reserves for new or existing affordable permanent housing units for homeless individuals and/or families.

  • Operating subsidies from HUD are recorded when received and are accounted for as revenue.

  • Operating subsidies in new and existing affordable or supportive housing units, emergency shelters, and navigation centers.

  • Operating subsidies are recognized in the period that the corresponding expense is incurred.

  • Operating subsidies reflected in the proforma must be supported by commitments which can reasonably be relied upon.

  • Operating subsidies received from HUD and other grantors are generally recognized during the periods to which they relate and all eligibility requirements have been satisfied.


More Definitions of Operating subsidies

Operating subsidies has the meaning set forth in the Transportation Resolution and, include, without limitation, the monies described in subclauses (i) through (vii) of clause (a) of Section 8 of the RANs Resolution. For purposes of clarification, Operating Subsidies pledged hereunder as Pledged Revenues derived from (a) State Special Tax Supported Operating Subsidies which the State is legally obligated to pay to the Authority under Sections 88-a and 89-c of the New York State Finance Law as described in subclause (ii) of clause (a) of Section 8 of the RANs Resolution include only monies available after the payment of senior and subordinate debt service on the Authority’s Dedicated Tax Fund Bonds and certain other obligations, including, without limitation, interest rate swap agreements, payable in accordance with the DTF Resolution, as such DTF Resolution may be further amended and supplemented after the date hereof, and (b) regional payroll mobility taxes in accordance with Article 23 of the New York State Tax Law (including amounts appropriated in the State budget to offset reductions in amounts to be paid under Section 92-ff of the New York State Finance Law) as described in subclause (iii) of clause (a) of Section
Sample 1
Operating subsidies has the meaning set forth in the Transportation Resolution and, include, without limitation, the monies described in subclauses (i) through (vii) of clause (a) of Section 8 of the RANs Resolution. For purposes of clarification, Operating Subsidies pledged hereunder as Pledged Revenues derived from (a) State Special Tax Supported Operating Subsidies which the State is legally obligated to pay to the Authority under Sections 88-a and 89- c of the New York State Finance Law as described in subclause (ii) of clause (a) of Section 8 of the RANs Resolution include only monies available after the payment of senior and subordinate debt service on the Authority’s Dedicated Tax Fund Bonds and certain other obligations, including, without limitation, interest rate swap agreements, payable in accordance with the DTF Resolution, as such DTF Resolution may be further amended and supplemented after the date hereof, and (b) regional payroll mobility taxes in accordance with Article 23 of the New York State Tax Law (including amounts appropriated in the State budget to offset reductions in amounts to be paid under Section 92-ff of the New York State Finance Law) as described in subclause (iii) of clause (a) of Section 8 of the RANs Resolution include only monies available after the payment of senior and subordinate debt service on the Authority’s and Triborough Bridge and Tunnel Authority’s Payroll Mobility Tax Bonds and certain other obligations, including without limitation, interest rate swap agreements payable in accordance with the PMT Resolutions, as such PMT Resolutions may be further amended and supplemented after the date hereof.
Sample 1

Related to Operating subsidies

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

  • Health Care Operations shall have the meaning given to such term under the HIPAA 2 Privacy Rule in 45 CFR § 164.501.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Participating Subsidiaries means the Subsidiaries that have been designated as eligible to participate in the Plan, and such other Subsidiaries that may be designated by the Committee from time to time in its sole discretion.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Subsidy means the difference between the amount of periodic

  • Transient guest means a natural person staying less than 30 consecutive days.

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Affordable housing development means a development included in the Housing Element and Fair Share Plan, and includes, but is not limited to, an inclusionary development, a municipal construction project or a 100 percent affordable development.

  • Retail tobacco store means a retail store utilized primarily for the sale of tobacco products and accessories and in which the sale of other products is merely incidental.

  • Wireline means a cable containing one or more electrical conductors which is used to lower and raise logging tools in the well-bore.

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • operating site means a site, other than an aerodrome, selected by the operator or pilot-in-command or commander for landing, take-off and/or external load operations;

  • Long-term care insurance means group insurance that is authorized by the retirement system for retirants, retirement allowance beneficiaries, and health insurance dependents, as that term is defined in section 91, to cover the costs of services provided to retirants, retirement allowance beneficiaries, and health insurance dependents, from nursing homes, assisted living facilities, home health care providers, adult day care providers, and other similar service providers.

  • Casino means a casino as defined in section 1 of the KwaZulu-Natal Gaming and Betting Act, 2010 (Act No. 8 of 2010);

  • Restricted companies means companies that boycott Israel.

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.