Recognized Obligation Payment Schedule definition

Recognized Obligation Payment Schedule means the document setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for each six-month fiscal period as provided in subdivision (m) of Section 34177.

Recognized Obligation Payment Schedule means a Recognized Obligation Payment Schedule, each prepared and approved from time to time pursuant to subdivision (l) of Section 34177 of the California Health and Safety Code.

Recognized Obligation Payment Schedule means a Recognized Obligation Payment Schedule, each prepared and approved from time to time pursuant to subdivision (l) of Section 34177 of the Dissolution Act.

Examples of Recognized Obligation Payment Schedule in a sentence

• Any amounts deposited for items listed on the Recognized Obligation Payment Schedule (ROPS) must be distinguished from the other amounts deposited.

• Excess housing proceeds expenditures shall be listed separately on the Recognized Obligation Payment Schedule submitted by the successor agency.

• Because the stay provided by Assembly Bill X1 26 only affects enforcement, each agency must adopt an Enforceable Obligation Payment Schedule and draft Recognized Obligation Payment Schedule prior to September 30, as required by the statute.

• Commitments and designations shall not be valid and binding on any party until they are included in an approved and valid Recognized Obligation Payment Schedule.

• DISCUSSION ROPS Pursuant to H&S Code §34177(l), the successor agency to the former redevelopment agency is required to prepare a draft Recognized Obligation Payment Schedule (“ROPS”) for each six month fiscal period which sets forth the nature, amount, and source(s) of payment for all “enforceable obligations” of the Agency (as defined by law) to be paid by the Successor Agency after the Agency’s dissolution.

More Definitions of Recognized Obligation Payment Schedule

Recognized Obligation Payment Schedule means the schedule by that name prepared before each six-month fiscal period in accordance with the requirements of Section 34177(l) of the California Health and Safety Code.

Recognized Obligation Payment Schedule means the schedule by that name prepared in accordance with the requirements of Section 34177(l) of the California Health and Safety Code.

Recognized Obligation Payment Schedule means the document

Recognized Obligation Payment Schedule or “ROPS” shall mean a Recognized Obligation Payment Schedule, setting forth the minimum payment amounts and due dates of payments required by enforceable obligations for each fiscal year as provided in subdivision (o) of Section 34177 of the Dissolution Act, each prepared and approved from time to time pursuant to the Dissolution Act.

Recognized Obligation Payment Schedule means the schedule by that name prepared in accordance with the requirements of Section 34177(l) of the Redevelopment Law.

Recognized Obligation Payment Schedule has the meaning set forth in Section 34171(h) of the Law.

Recognized Obligation Payment Schedule or “ROPS” shall mean a Recognized Obligation Payment Schedule, each prepared and approved from time to time pursuant to subdivision (l) of Section 34177 of the Dissolution Act.