Trust Fund Account definition

Trust Fund Account means any account containing Cash and Cash Equivalents consisting solely of Tax and Trust Funds.

Trust Fund Account means an account within the trust fund that is either allocated to a particular corporation or shared by multiple corporations for the purpose of paying loan defaults and claims on bond guarantees or other financial products and program uses provided in this chapter.

Trust Fund Account means any deposit account or securities account, to the extent the funds on deposit therein (a) are used or are to be used for payroll and payroll taxes, healthcare and other employee benefit payments to or for the benefit of any employees, (b) are used or are to be used to pay Taxes required to be collected, remitted or withheld (including U.S. federal and state withholding Taxes (including the employer’s share thereof) and sales Taxes) or (c) are held as an escrow, defeasance or redemption account or as a fiduciary or trustee for the benefit of another Person.

Examples of Trust Fund Account in a sentence

• Upon receipt of the bidder’s information sheet, the BAC Secretariat Division will send through email the details of the DECS OSEC Trust Fund Account for payment.

• Procedural Rule P-27 as provided for in Section 2561.202, Texas Insurance Code requires that “Good Funds” be received and deposited before a Title Agent may disburse from its Trust Fund Account.

• Columbia Bank: The following accounts having authorized signatures of the President, Board Secretary and Superintendent of Schools:Payroll Agency Account #xxxxx6844Federal Unemployment Trust Fund Account #xxxxx6855 Linda V.

• Stafford Disaster Relief and Emergency Assistance Act [42U.S.C. 5121 et seq.] is in effect for any part of a fiscal year, the Secretary may reduce the matching requirement for that fiscal year under subsection (a) with respect to any funds drawn from a jurisdiction’s HOME Investment Trust Fund Account during that fiscal year by up to 100 percent.(Pub.

• Procedural Rule P-27 as provided for in Article 9.39 A of the Texas Insurance Code requires that "Good Funds" be received and deposited before a Title Agency may disburse from its Trust Fund Account.

More Definitions of Trust Fund Account

Trust Fund Account means a specifically named liability

Trust Fund Account means an account kept by a bank in respect of which a certificate issued by the Commissioner under section 15 is in force;

Trust Fund Account means a specifically named liability account designated by law as a trust fund in the State Treasury to which moneys are credited upon receipt and debited upon withdrawal, representing the balance owed by the State Treasury to agencies and instrumentalities of the State of Arkansas; and

Trust Fund Account means an account within the trust fund that is allocated to a particular small business financial development corporation for the purpose of paying loan defaults and claims on bond guarantees for a specific small business financial development corporation.

Trust Fund Account means any Deposit Account or Securities Account containing only Trust Funds.

Trust Fund Account means the accounts established by the Boards between 1900 and 1969 into which they deposited money held on behalf of Aboriginal people.

Trust Fund Account has the meaning given in Amendment No. 7.