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;

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.

Operating Subsidy means additional annual contributions for operations under section 9 of the Act.

Examples of Operating Subsidy in a sentence

• No additional funding shall be provided beyond the amount specified above for Operating Subsidy and further that such funds are subject to the availability of appropriations.

• Furthermore, Congress has stipulated that HUD transition all public housing authorities to a calendar year funding cycle for Operating Subsidy.

• Funding for operating subsidy in the second and subsequent years of this agreement will be based on initial year funding (the baseline as adjusted) and will be further adjusted annually commensurate with adjustments to annual appropriations for the Operating Subsidy Program.

• The Owner shall keep and maintain at all times complete and accurate books of accounts and records, all written contracts, leases and other instruments which may relate to the Operating Subsidy.

• AC Transit and TIMMA will review all proposed bus schedules, fare levels and anticipated AC Transit Operating Subsidy requirements each year, and agree to adopt schedules based on a budget adopted by both agencies to their mutual satisfaction.

• This will be part of the Tenant’s Board Development Tool , Annual Plan, Budget and HRM Operating Subsidy submission.

• Owner must maintain accurate and complete records identifying the source, amount and use of all funds in the Operating Reserves, including any Operating Subsidy.

• Cost Factors to increase the Benchmarked Operating Costs are used in the calculation of Part II and Part III Housing Providers’ Operating Subsidy under the Benchmark Funding Model of the Housing Services Act, 2011 as set out in O.

• The Annual Operating Budget will comply with generally accepted accounting principals and will be based on the anticipated Project Income, detailed estimate of all anticipated Project Expenses, and Operating Subsidy for the Project.

• Provided that Owner continues operating the Public Housing Units in accordance with the Applicable Public Housing Requirements, and in accordance with the terms of this Agreement, such units shall be eligible to receive the benefit of Operating Subsidy to the extent such funds are appropriated by the Congress and otherwise made available to the Authority pursuant to Section 9(e) of the Act, or pursuant to any successor legislation, and as more specifically set forth in Article 4 hereof.

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.

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;

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.