Use allowance definition

Use allowance means an alternate method for claiming the use of the contractor's assets as a cost when depreciation methods are not used. 5 CCR 17700(bm)
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Use allowance means compensation equal to four percent (4%) annually of the total original capital costs and the cost of capitalized renovation of the court facility, except that if indebtedness has been incurred in respect to such capital costs at an interest rate equal to or greater than seven percent (7%), compensation shall be at a rate of eight percent (8%) annually of that portion of the capital costs for which the rate applies. For refinanced projects constructed or renovated prior to July 1, 1994, the use allowance payment shall not change for the term of the original bond issue, unless there is a change in the space occupied. For court facilities renovated or constructed after July 1, 1994, "use allowance" means the court's proportional share of the annual principal and interest cost in connection with the renovation or construction, but not to exceed eight percent (8%) annually of capital costs, or, if there is no debt, four percent (4%) annually of capital costs. Beginning with court facility construction or renovation projects authorized by the 2000 Regular Session of the General Assembly, "use allowance" means the court's proportional share of the annual principal and interest costs in connection with the construction or renovation of the facility, not to exceed the authorized annual use allowance.
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Use allowance means a percentage of a building’s acquisition cost expressed as an amount charged per square foot.
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Examples of Use allowance in a sentence

  • Use allowance: where this method is followed, the use allowance for buildings and improvements, including land improvements, such as paved parking areas, fences and sidewalks, will be computed at an annual rate not exceeding two percent of the acquisition cost.

  • Use allowance recovery is limited to the acquisition cost of the assets.

  • Use allowance recovery is limited to the ac- quisition cost of the assets.

  • Use allowance is a federally defined means for recovering the cost of a capital asset.

  • This form is available from the Department upon request.) Use allowance for any property item that equals or exceeds $500 requires the Department’s prior written approval.

  • The Development Review Board may grant a Conditional Use allowance for any Permitted and Conditional Uses that do not meet the form requirements of this section along said Streets.

  • Use allowance is an alternative to depreciation that an institution can use if it has not maintained adequate property cost records upon which to base depreciation expense.

  • This form is available from the Department upon request.) Use allowance for any property item that equals or exceeds $100 requires the Department’s prior written permission.

  • Use allowance or deprecation may be submitted in the grant application for grantee owned property.

  • Use allowance was an alternative accounting method which was necessary at the time of the last update to OMB circulars because not all entities were capable of using the depreciation method.

Related to Use allowance

  • Allowance means compensation payable to an employee in addition to the regular remuneration payable for the performance of the duties of his position.

  • 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.

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.