Statutory Allocation definition

Statutory Allocation means funds provided by the Department to the Authority for the performance of statutory functions.
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Examples of Statutory Allocation in a sentence

  • Statutory Allocation is the allocation to the State from the Federation Accounts.

  • Oil price further went down to 40 dollars per barrel and Statutory Revenue Allocation also dipped to N21,287,193,488.52 in 2016 from N29,408,365,212.46 in 2015.The Statutory Revenue Allocation increased from N21,287,193,488.52 in 2016 to N29,608,117,904.62 in 2017 when the Crude price jumped to 56 dollars in 2017 from 40 dollars in 2016.The Statutory Allocation increased considerably in 2018 from N29,608,117,904.62 in 2017 to N44,402,779,333.67 in 2018.

  • Axis TitleWhile being cautiously optimistic with regards to the projected receipts from Statutory Allocation, the global trend with respect to oil prices and stable production levels favored Nigeria in 2018, and by extension, the State Governments.

  • This is made up of Statutory Allocation and VAT.STATUTORY ALLOCATION RECEIPTS: During the year under review, the sum of N46,468,701,322.75 was receipted as Statutory Allocation from January – December 2018.

  • As could be clearly seen in Figure 2, it only withrespect to Statutory Allocation that outturns noticeably surpassed estimates at the end of the year.

  • The examination of the accounts of Gwaram Local Government Council shows that, a sum of Two Billion, Five Hundred and Sixty Million, Seven Hundred and Eleven Thousand, Three Hundred and Eleven Naira only (N2, 560,711,311) was received as Statutory Allocation, Value Added Tax and other Incomes from the Federation Account.

  • Audit extermination of the account of Gagarawa Local Government Council revealed that a sum of One Billion, Six Hundred and Ninety Four Million, Five Hundred and Seventy Nine Thousand, and Three Naira Only (N1,694,579,003) was received as a Statutory Allocation, Valued Added Tax and other Incomes from the Federation Account.

  • This scope also includes equities and other equity securities of real-estate companies and listed closed- ended real estate funds and listed real estate investment trusts (REITs).

  • The examination of the accounts of Kafin Hausa Local Government Council for the above mentioned period shows that, a sum of Two Billion, Five Hundred and Sixty Million, Two Hundred and Forty Two Thousand, Three Hundred and Twenty Naira only (N2,560,242,320) was received as Statutory Allocation, Value Added Tax and other Incomes from the Federation Account.

  • Gross Companies Income Tax (CIT) revenues, which are distributed as part of Statutory Allocation, from January 2013 to May 2021 inclusive are shown in Figure 7 below.

Related to Statutory Allocation

  • Regulatory Allocations shall have the meaning set forth in Section 6.3.A(viii).

  • Capital Account Limitation has the meaning set forth in Section 4.05(b) hereof.

  • Required Allocations means any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), Section 6.1(d)(ii), Section 6.1(d)(iv), Section 6.1(d)(v), Section 6.1(d)(vi), Section 6.1(d)(vii) or Section 6.1(d)(ix).

  • Allocations means any and all of the allocations described in Sections 1.3(a), 1.3(b), 1.3(c) and 1.3(d) hereof.

  • Modification Gain Amount With respect to each Payment Date, the excess, if any, of the aggregate Modification Excess over the aggregate Modification Shortfall for such Payment Date.

  • Load allocation means the portion of a receiving water's loading capacity that is allocated to one

  • Utility Allowance means a monthly allowance, as provided by the local public housing authority or as otherwise allowed by HUD rules and the GLO rules, for utilities and services (excluding telephone services) to be paid by the tenant. Contextual Note: Unless the context clearly indicates otherwise, an above definition for a singular term shall also apply (where appropriate) to the plural form of such term and vice versa to the extent necessary for giving the proper meanings to the terms defined in this Article II and/or terms otherwise used in this Agreement.

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • PHARMACY ALLOWANCE means the lower of: • the amount the pharmacy charges for the prescription drug; • the amount we or our PBM have negotiated with a network pharmacy; or • the maximum amount we pay any pharmacy for that prescription drug.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Tax Allocations means the allocations set forth in paragraph 4 of Exhibit B.

  • Net Termination Gain means, for any taxable year, the sum, if positive, of all items of income, gain, loss or deduction recognized by the Partnership (a) after the Liquidation Date or (b) upon the sale, exchange or other disposition of all or substantially all of the assets of the Partnership Group, taken as a whole, in a single transaction or a series of related transactions (excluding any disposition to a member of the Partnership Group). The items included in the determination of Net Termination Gain shall be determined in accordance with Section 5.5(b) and shall not include any items of income, gain or loss specially allocated under Section 6.1(d).

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Annual Additions means the sum of the following amounts credited to a Participant for a Limitation Year:

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Qualified Allocation Plan or “QAP” means this Qualified Allocation Plan, which was adopted by Board Action on November 16, 2016 and made effective as of January 1, 2017, and which was approved by the Governor of the State of New Mexico pursuant to Section 42(m)(1)(B) of the Code and sets forth the Project Selection Criteria and the preferences for Projects which will receive Tax Credits.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

  • Carryover Allocation means an Allocation made to the Project if the Project will not be Placed in Service by close of the calendar year of the Allocation.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Employer Contributions means all amounts paid into ASRS by an

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).