STIF Formula Fund Cycle definition

STIF Formula Fund Cycle means the time period between Fiscal Years 2019 through the end of Fiscal Year 2021 (June 30, 2021) that is programmed in the STIF Plan.
STIF Formula Fund Cycle means the time period between Fiscal Years 2022 (July 1, 2021) through the end of Fiscal Year 2023 (June 30, 2023) that is programmed in the STIF Plan.
STIF Formula Fund Cycle means the time period of Fiscal Years 2024 (July 1, 2023) through the end of Fiscal Year 2025 (June 30, 2025) that is programmed in the STIF Plan.

Examples of STIF Formula Fund Cycle in a sentence

  • If disbursements are found to exceed the expenditures, the amount may be carried forward by the Subrecipient into the next STIF Formula Fund Cycle provided that the Commission approves of the funding plan and any funds carried forward.

Related to STIF Formula Fund Cycle