Publicly Funded Assets definition

Publicly Funded Assets means (a) assets or property funded wholly or partly using payments made by or on behalf of the Secretary of State, and (b) publicly funded land as defined in paragraph 22(3) of Schedule 1 to the Academies Act 2010.
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Publicly Funded Assets means (a) assets or property funded wholly or partlyusing payments made by or on behalf of the Secretary of State, and (b) publicly funded land as defined in paragraph 22(3) of Schedule 1 to the Academies Act 2010.
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Examples of Publicly Funded Assets in a sentence

  • Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State’s consent.

  • FINANCIAL AND ACCOUNTING REQUIREMENTS 28 General 28 Application of the Academies Financial Handbook 29 Budgeting for funds 30 Carrying forward of funds 31 Annual accounts and audit 31 Keeping financial records 32 Access to financial records 32 Acquiring and disposing of Publicly Funded Assets 33 Retention of proceeds from the disposal of capital assets 33 Transactions outside the usual planned range 34 Borrowing 34 5.

  • Id. ¶ 109.Realizing the untenable nature of the situation, Perenco and Ecuador began to renegotiate their participation contract.

  • Managing Public Money Northern Ireland (MPMNI), and in particular, Annex 5.2 entitled ‘Protecting Public Instruments (Clawback)’, provides full guidance on the terms applicable to grants for the acquisition or improvement of assets and is available at: http://www.dfpni.gov.uk/index/finance/afmd/afmd-key-guidance/afmd-mpmni.htm Further advice is contained in DAO (DFP) 16/05 re Clawback: Disposal of Publicly Funded Assets.

  • Acquiring and disposing of Publicly Funded Assets In relation to Publicly Funded Assets, the Academy Trust must not, without the Secretary of State's consent: acquire or dispose of freehold land; take up or grant a leasehold of land; dispose of any other class of capital assets except as permitted in the Academies Financial Handbook, and subject to Part 3 of Schedule 1 to the Academies Act 2010.

  • Robert Owen, (1771 - 1858) a British socialist and wealthy factory owner, introduced reforms in education and factory conditions to improve the quality of life of many (Miliband, 1954: 235).

  • FINANCIAL AND ACCOUNTING REQUIREMENTS 28 General 28 Application of the Academies Financial Handbook 29 Budgeting for funds 30 Carrying forward of funds 31 Annual accounts and audit 31 Keeping financial records 32 Access to financial records 32 Acquiring and disposing of Publicly Funded Assets 33 Retention of proceeds from the disposal of capital assets 33 34 Transactions outside the usual planned range Borrowing 34 5.

  • In respect of Publicly Funded Assets, the Secure Academy Trust must obtain the Secretary of State’s consent before giving any guarantees, indemnities or letters of comfort (except as given in normal contractual relations), write off any debts or liabilities owed to it or offering to make any special payments (including ex gratia payments, staff severance and compensation payments) if the value of those transactions would be above any threshold specified in the Secure Schools Financial Handbook.

  • Next to this, many barriers exist in terms of actors hindering the transition and lowering the potential of renewable energy.

  • Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State's consent.

Related to Publicly Funded Assets

  • Invested Assets means the sum of the market value of the securities held in the Portfolios, and shall not include cash or cash equivalents.

  • Average Invested Assets means, for a specified period, the average of the aggregate book value of the assets of the Company invested, directly or indirectly, in Properties, Loans and other Permitted Investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.

  • Company IT Assets means all Software, systems, serves, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation owned by or licensed, pursuant to a valid and enforceable license agreements, to the Company and its Subsidiaries.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Trust business means the business of acting as trustee, executor or administrator;

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company or any Subsidiary.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Real Estate Investment Trust means any corporation, trust or association qualifying and electing to be taxed as a real estate investment trust under federal law.

  • Information Assets means any information, including Confidential Information, necessary to the operation of either party that is created, stored, transmitted, processed or managed on any hardware, software, network components, or any printed form or is communicated orally. “Information Assets” does not include information that has been transferred from the Disclosing Party to the Receiving Party under applicable laws, regulations and agency guidance, and that is being maintained and used by the Receiving Party solely for purposes that are not Contractor Exchange Functions.

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

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Best available control technology or “BACT” means an emissions limitation, including a visible emissions standard, based on the maximum degree of reduction for each regulated NSR pollutant which would be emitted from any proposed major stationary source or major modification which the reviewing authority, on a case-by-case basis, taking into account energy, environmental, and economic impacts and other costs, determines is achievable for such source or modification through application of production processes or available methods, systems, and techniques, including fuel cleaning or treatment or innovative fuel combination techniques for control of such pollutant. In no event shall application of best available control technology result in emissions of any pollutant which would exceed the emissions allowed by any applicable standard under 567—subrules 23.1(2) through 23.1(5) (standards for new stationary sources, federal standards for hazardous air pollutants, and federal emissions guidelines), or federal regulations as set forth in 40 CFR Parts 60, 61 and 63 but not yet adopted by the state. If the department determines that technological or economic limitations on the application of measurement methodology to a particular emissions unit would make the imposition of an emissions standard infeasible, a design, equipment, work practice, operational standard or combination thereof may be prescribed instead to satisfy the requirement for the application of best available control technology. Such standard shall, to the degree possible, set forth the emissions reduction achievable by implementation of such design, equipment, work practice or operation and shall provide for compliance by means which achieve equivalent results.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.