Trust and Agency Fund definition

Trust and Agency Fund means funds held by an institution as custodian or fiscal agent for others such as student organizations, individual students, or faculty members. Trust and agency funds need not be budgeted. (1963, c. 448, s. 23; 1979, c. 462, s. 2; c. 896, s. 13; 1979, 2nd Sess., c. 1130, s. 1; 1981, c. 157, s. 1; 2001-112, s. 1; 2007-484, s. 29(c).)
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Trust and Agency Fund means funds held by an institution as custodian or fiscal agent for others such as student organizations, individual students, or faculty members. Trust and agency funds need not be budgeted. (1963, c. 448, s. 23; 1979, c. 462, s. 2; c. 896, s. 13;
Sample 1
Trust and Agency Fund means funds held by an institution as custodian or fiscal agent for others such as student organizations, individual students, or faculty members. Trust and agency funds need not be budgeted.
Sample 1

Examples of Trust and Agency Fund in a sentence

  • When the Trust and Agency fund is used as a clearinghouse for expenses, transfers from the General Fund to the Trust and Agency Fund will be recognized in the rate calculation process, if consistent with regular District practice and in compliance with this Manual.

  • However, transfers from the Trust and Agency Fund back to the General Fund will be offset in rate calculations, if the costs have already been included in a tuition rate.

  • Trust and Agency Fund The Trust and Agency Fund is used to receive and hold funds when the College serves as a custodian or fiscal agent for another body.

  • Checks written from the Trust and Agency Fund will be signed by the Business Manager.

  • The use of the Business Manager's signature stamp is also allowed for Trust and Agency Fund check writing.

  • C.2.08 - Trust and Agency Fund:The Trust and Agency Fund is comprised of local scholarship funds, club funds, and other funds for which the System acts as fiduciary and which have short-average lives and high liquidity needs.

  • III.C.2.08 Trust and Agency Fund The Trust and Agency Fund is comprised of local scholarship funds, club funds, and other funds for which the System acts as fiduciary and which have short average lives and high liquidity needs.

  • The School Board shall approve all new Trust and Agency Fund accounts.

  • The School Board shall appoint the Business Offiicial, as treasurer of the Trust and Agency Fund.

  • There is created within the General Trust and Agency Fund a trust fund account to be known as the Child Services Kids Hope Alliance Trust Fund, hereinafter called the Fund.

Related to Trust and Agency Fund

  • Lead Agency means the agency facilitating the procurement and establishing the Contract.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.