Administrative funds definition

Administrative funds means all monies, received by the authority from the general fund of the State or from the exercise of the power of taxation by the State or any of its political subdivisions which are designated specifically to be used for the payment of administrative expenses, and the earnings on the funds.
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Administrative funds means USDA child and adult care food program (CACFP) grant funds distributed to qualifying non- profit sponsoring organizations contracting with the department to administer the CACFP.
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Administrative funds means funding referred to in clause 21.14.
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Examples of Administrative funds in a sentence

  • In the event of any legal proceedings, whether judicial, administrative, or before any other tribunal, seeking to challenge the validity of this Agreement or any portion thereof, it is agreed that in the event such challenge is unsuccessful, reasonable cost of defense shall be payable to any entity such as the Union, Trust Funds, Administrative Funds, or the Employer Agencies, that were joined as parties in said proceeding.

  • Such Reimbursement Rate fund shall be deposited in a separate, segregated account maintained solely for the use of Reimbursement Rate funds, and shall not be co-mingled with Administrative Funds, or other funds received by the Provider.

  • Amounts held in Administrative Funds shall be used for the purposes set forth in this Agreement and in the Bond Resolution.

  • For CDOT accounting purposes, the Federal Administrative Funds of $33,600 (80%), Federal Operating Funds of $51,540 (50%), and matching Local Administrative Funds of $8,400 (20%), Match Local Operating funds of $51,540 (50%), will be encumbered for this Grant Agreement.

  • Total Project Funds means the sum of “Project Funds” as defined in the XXXX Xxxxx Agreement and Administrative Funds as approved by COUNTY.

  • The Subgrantee shall promptly submit to the Program Manager a Final Report for each source of WAP Funds and Administrative Funds set forth in Section 2(d) above.

  • The duties and obligations imposed by the AGREEMENT documents, and the rights and remedies Amendment A to the Subrecipient Agreement Between PRDOH and Municipality of Cidra under CDBG-DR Program Administrative Funds Assignment for Municipalities Exhibit C: HUD General Provisions available thereunder, shall be in addition to and not a limitation of any duties, obligations, rights and remedies otherwise imposed or available by law.

  • After the effective date of this Agreement and subject to the Performance Period as defined herein, the Department may disburse in one or more payments, an amount equal to the Administrative Funds .

  • At this time, the Xxxxxx Yaqui Tribe functions as the Fiscal Agent for Dislocated Worker Program funds and WIOA Administrative Funds for board operations.

  • Landlord/County shall require that all investment entities furnish both it and Tenant with monthly statements showing the account status of the Landlord Administrative Funds.


More Definitions of Administrative funds

Administrative funds means the Administrative Fund established by Section 502
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Administrative funds. CDBG administrative funds are to be disbursed pursuant to the Budget described in the Attachments and according to the procedures in the Department’s Program Implementation Handbook.
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Related to Administrative funds

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • Administrative Fees shall have the meaning assigned to such term in Section 2.06(b).

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Administrative Fee is defined in Section 4.1(a).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Agent Account means such account of the Administrative Agent in New York, New York as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Administration Account As defined in Section 7.02.

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Controlled Disbursement Account means any account of the Borrowers maintained with the Administrative Agent as a zero balance, cash management account pursuant to and under any agreement between a Borrower and the Administrative Agent, as modified and amended from time to time, and through which all disbursements of a Borrower, any other Loan Party and any designated Subsidiary of a Borrower are made and settled on a daily basis with no uninvested balance remaining overnight.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.