Surplus release date definition
Surplus release date means the date on which Federal utilization screening of excess personal property has been completed, and the property is available for donation.
Surplus release date means the date when Federal screening has been completed and the excess property becomes surplus.
Surplus release date means the pre determined date on which Federal utili zation screening of excess personal prop erty is terminated, and the property is considered available for disposition as surplus. The date signifies the transi tion of the property from excess to sur plus status. In some publications con cerned with personal property manage ment procedures, the words -‘Automatic Release Date” or “ARD” are used to designate this date.
More Definitions of Surplus release date
Surplus release date means the date (a) on or after the Reserve Release Date and (b) on which a certificate shall be delivered to the Trustee by the District to the effect that Pledged Revenue for any consecutive 12-month period within the 24 months immediately preceding such certificate were at least equal to 130% of the sum of the maximum annual debt service requirement on the Bonds and all Additional Obligations outstanding.][DISCUSS/DELETE]
Surplus release date means the date on which , as set forth in a certificate described in Section 4.09(e) hereof.