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.
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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.
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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.
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Examples of Operating subsidies in a sentence

  • For Residents that enter a lease agreement with SHA after the date that the Cooperative Agreement is executed, SHA shall provide, at a minimum, the option of moving to comparable SHA Public Housing or SHA-owned housing with Federal Operating Subsidies.

  • For Replacement Housing produced by Nonprofit Housing Developers, SHA shall transfer building sites at no cost and provide Federal Operating Subsidies, and may also provide capital funds.

  • To minimize the need to relocate Residents away from the neighborhood, SHA shall ensure at all times that at least 281 units with Federal Operating Subsidies located within the Yesler Terrace Redevelopment Area remain habitable and either occupied by or available only to Residents, former Residents eligible to return, or new households with income no higher than 30% of AMI at the time of initial occupancy by the household.

  • SHA shall allocate Federal Operating Subsidies for the Replacement Housing.

  • If Federal Operating Subsidies are reduced, and the OH Director makes the determinations described in Section 3.5 below, the OH Director may adjust income limits and affordability levels for a portion of the Replacement Housing units to serve tenants with higher incomes, but not higher than 80% of AMI.

  • Services are tailored to the specific needs of each provider Operating Subsidies NSW approved providers can also be supported by time-limited operating subsidies, funded by the NSW Government, while they are implementing the new rent policy, if they can demonstrate a shortfall on operational funds.

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

  • Amounts required to be returned to Authority as being excess to the needs of the Project ("Excess Income"), provided, however, that Owner may direct Agent to retain such amounts in the Development Operating Account to reduce the need for Operating Subsidies for the Project in the following Fiscal Year.

  • Under the terms of the Regulatory Agreement, the Project Units will receive the benefit of Operating Subsidies.


More Definitions of Operating subsidies

Operating subsidies has the meaning set forth in the Transportation Resolution and, include, without limitation, the monies described in clause (i) of Section 8 of the RANs Resolution.
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 means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • 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.

  • 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 has the meaning set forth in the preamble.

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

  • Core Business means any material line of business conducted by the Borrower and its Subsidiaries as of the Closing Date and any business reasonably related or incidental 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;

  • 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.

  • 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;

  • 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.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Goods and Services or "goods or services" means any work, labor, commodities, equipment, materials, or supplies of any tangible or intangible nature, except real property or any interest therein, provided or performed through a contract awarded by a purchasing agent, including goods and property subject to N.J.S.A. 12A:2-101 et seq.

  • Nontransient noncommunity water system means a public water system that is not a community water system and that regularly serves at least the same 25 persons over 6 months per year.