Operating Subsidy definition

Operating Subsidy means the operating subsidy payable to the Society by HRM for each Fiscal Year, or part thereof, that this Agreement is in effect;
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Operating Subsidy means funds provided by the City on an annual basis, payable in quarterly installments, to cover revenue shortfalls anticipated in the facility’s operations, as more fully hereinafter provided, not to exceed $1,400,000 in any City Fiscal Year.
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Operating Subsidy means additional annual contributions for operations under section 9 of the Act.
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Examples of Operating Subsidy in a sentence

  • Since the basis of the funding calculation is the same across all AMPs, PHA considers Operating Subsidy an indirect revenue source.

  • PHA’s Operating Subsidy is provided in one block as if PHA were one AMP.

  • Instructions for the use of eLOCCS are in Notice PIH 2002-28 (HA), Use of eLOCCS (electronic Line of Credit Control System) to Request Operating Subsidy Payments and Elimination of Form HUD-52721.

  • Operating Subsidy will be allocated to all PHA AMPs based on the difference between revenues, prior to operating subsidy, and expenses excluding depreciation expenses.

  • The amount of Operating Subsidy allocated will be based on the individual AMPs need for subsidy so that revenues are equal to expenses.

  • Owner shall pay a fee into the City’s Child Care Operating Subsidy account in the amounts and according to the schedule listed below.

  • Funding SourcesThe New York City Housing Authority is funded through HUD Public Housing Capital Fund and Public Housing Operating Subsidy funds.

  • For PHA’s project based accounting purposes, Operating Subsidy is considered an indirect revenue source.

  • The original funding source is defined as the legacy MTW PHA’s appropriated Section 8 and Section 9 funding source(s) (HCV HAP, HCV Admin Fee, and PH Operating Subsidy).

  • Upon completion of construction, and the meeting of the end of the initial operating period and the date of full availability, the agreed-upon Operating Subsidy is provided for the public housing units.


More Definitions of Operating Subsidy

Operating Subsidy means the amounts payable by Authority for deposit in the Operating Account to supplement operating revenues from the Property, in accordance with the Management Agreement.
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Operating Subsidy means the operating subsidy payable to the Commission by HRM for each Fiscal Year, or part thereof, that this Agreement is in effect. As long as allowed by Applicable Laws, HRM may pay any operating subsidy in cash, non-cash consideration or other benefits as determined by HRM;
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Operating Subsidy or “Annual Operating Subsidy” is an amount equal to the cost of providing transit service less fare revenue and any other funds dedicated to this service. Annual operating subsidy will be estimated in advance of providing service and will be paid by TIMMA to AC Transit in quarterly payments in advance as agreed upon in the Operating Agreement. Actual operating subsidy will be reconciled based on actual service provided and fares and funding collected.
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Related to Operating Subsidy

  • 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.

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

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

  • 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.

  • 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.

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

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • 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 –

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

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • 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.

  • Restricted companies means companies that boycott Israel.

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, leasing, developing, constructing or acquiring energy generating, transmission or distribution assets, or assets related thereto, or any other power or energy facility or any assets related thereto, and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • Partnership Group Member means any member of the Partnership Group.

  • Continuing care retirement community means a residential

  • Participating Subsidiary means a Subsidiary which has been designated by the Administrator as covered by the Plan.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which General Partner directly or indirectly owns stock and General Partner and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of General Partner under and pursuant to Section 856 of the Code.

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