State Budget Sample Clauses

State Budget. Neither Party shall be in breach of this Memorandum for failure to pay Invoices on time if such failure results from the Legislature’s or County’s failure to approve and adopt a budget in a timely manner, except that the County retains the right to discontinue such services on appropriate notice. TERM/TERMINATION
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State Budget. Payments to be made under this Agreement are from State of California funds and are made by the State. Notwithstanding anything in this Agreement to the contrary, it shall not be deemed an event of default if the State is unable to make any payment(s) as a result of the State’s failure to timely approve and adopt a State Budget. Should the State fail to make any payment as a result of the State of California’s failure to timely approve and adopt a State Budget, Contractor shall continue to provide Work and materials and the State shall promptly pay any previously due payment upon approval and adoption of a State Budget by the State of California. END ARTICLE 7
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State Budget. Through June 30, 2012, this program is funded by the State to the extent that the Legislature appropriates funds through the budget process. On and after July 1, 2012, this program is funded by the State with funds paid to the Contractor from the Local Revenue Fund 2011. If state funding for this program is eliminated or reduced by an act of the legislature after the effective date of this contract, the Department and the Contractor each shall have the option to either cancel this contract or propose a contract amendment to address changes to the program required as a result of the elimination or reduction of state funding, except that cancellation of the contract by the Contractor is subject to the requirements of Section 5775(d) of the Welfare and Institutions Code.
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State Budget. Effective January 1, 2013, the District contribution toward the medical insurance plan shall return to a cap of $9,500 annually.
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State Budget. Based on the May 2010 consensus revenue estimates and enacted and pending appropriations, the FY 2009-10 GF/GP budget was in deficit by $302.7 million. The budget target agreement eliminates this projected budget deficit. Table 1 provides a summary of the current Senate Fiscal Agency (SFA) estimate of the projected FY 2009-10 GF/GP year-end balance of $2.7 million. The budget target agreement eliminates the projected budget deficit with two policy changes. First, a fund source shift of $208.4 million from GF/GP appropriations to School Aid Fund (SAF) occurs in the Community College budget. This one-time fund source shift is contained in Public Act 158 of 2010. Second, a total of $94.3 million of available Federal funds will be used to offset current GF/GP appropriations in the Medicaid budget. This funding shift from GF/GP appropriations to available Federal funds is contained in Public Act 158 of 2010 and the remaining supplemental appropriation bill, House Bill 5409. The use of $208.4 million of surplus SAF funds to balance the FY 2009-10 GF/GP budget has an impact on the projected year-end balance in the FY 2009-10 SAF budget. Table 2 provides a summary of the SFA estimate of the year-end balance in the FY 2009-10 SAF budget. Factoring in the $208.4 million use of SAF revenue in the Community College budget, the SFA is now estimating that the FY 2009-10 SAF will close the fiscal year with a $163.3 million balance. The final year-end balance will carry forward into FY 2010-11 and be used to support FY 2010-11 SAF appropriations. Table 1 FY 2009-10 General Fund/General Purpose Revenue, Expenditures, and Year-End Balance (millions of dollars) Revenue: September 2010 SFA Estimate Beginning Balance ...................................................................................... $177.2 Ongoing Revenue: Consensus Revenue Estimate ............................................................... 6,654.9 Revenue Sharing Savings ...................................................................... 520.8 Shift of Short Term Borrowing Costs to School Aid Fund....................... 20.0 Use Tax on HMOs (PA 440 of 2008)...................................................... 357.7 Subtotal Ongoing Revenue ......................................................................... $7,553.4 One-Time Revenue: FY 2008-09 Bookclosing MBT Transfer to SAF Budget ......................... (7.9) Transportation Economic Development Fund Transfer to General Fund 12.0 Railroad...
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State Budget. It is mutually agreed that if the Budget Act of the current year does not appropriate sufficient funds for the program, this contract will be void and of no further force and'effect. In such an event, the State shall have no further to pay any funds whatsoever to the Contractor or to furnish any other considerations under this contract, and the Contractor shall not be obligated to perform any provisions of this contract or to provide services intended to be funded pursuant to this contract. If funding for this contract is reduced or deleted by the Budget Act for the purposes of this program, the State shall have the option to either cancel this contract with no liability occurring to the State, or offer a contract amendment to the Contractor to reflect the reduced amount.
Sample 1
State Budget. Notwithstanding anything in this Agreement to the contrary, an event of default by the AOC cannot occur if the AOC is unable to make any payments as a result of the State of California’s failure to timely approve and adopt a budget. Should the AOC fail to make any payment as a result of the State of California’s failure to timely approve and adopt a budget, County must continue to provide services under this MOU and the AOC must promptly pay any previously due payment upon approval and adoption of the budget for the State of California, except that County may terminate this agreement pursuant to paragraph 4 of the Agreement. APPENDIX 1 to EXHIBIT “B” HOURLY RATES County shall provide the court with other maintenance services, as requested by the court. All work orders shall be authorized by Court’s Customer call center in advance. Materials shall be invoices separately for actual cost, including handling and sales tax. Job Title Hourly Rate Grounds Keeper $ 39.35 Bldg Maintenance Mechanic I $ 34.62 Bldg Maintenance Mechanic II $ 48.09 Assistant Facilities Manager $ 59.52 EXHIBIT “C” CRITERIA FOR APPROVING COUNTY EMPLOYEES AND COUNTY CONTRACTORS WITH RESPECT TO BACKGROUND CHECKS The County will not knowingly permit any County employee or County contractor employee to access or work unescorted in any Restricted Area of the Court Facility if any of the following applies to that employee or Contractor:
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Related to State Budget

  • Capital Budget Any amendment that is mutually agreed upon shall be set forth in writing and signed by both parties. It is acknowledged by Owner that capital expenditures required as a result of an emergency situation shall not reduce amounts available pursuant to the Capital Budget or otherwise hereunder, other than to the extent a Capital Budget item is subsumed within the capital expenditures required as a result of the occurrence of the emergency;

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during each calendar month of the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment B. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Budget The System Agency allocated share by State Fiscal Year is as follows:

  • Approved Budget 3.1.2. Written detailed description of the Project;

  • Construction Budget The total amount indicated by the District for the Project plus all other costs, including design, construction, administration, financing, and all other costs.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount. 2. Contractor will further notify the Human Services Agency of transfers that in the aggregate equal or exceed twenty percent (20%) of the maximum contract amount. In the event the Director of the Human Services Agency or her designee determines said transfer of twenty percent (20%) or more is inconsistent with the goals and objectives of the County Alcohol and Drug Services, she may require a re-negotiation of the Agreement.

  • Projected Operating Budget Furnish Agent, no later than sixty (60) days following the beginning of each Borrower’s fiscal years, commencing with fiscal year 2012, a month by month projected operating budget and cash flow of Borrowers on a consolidated basis for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the Chief Financial Officer of each Borrower to the effect that such projections have been prepared on the basis of sound financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Annual Budget (a) The Company and its Subsidiaries shall be operated in accordance with an annual budget, as it may be annually updated from time to time pursuant to this Section 3 (the “Annual Budget”). The initial Annual Budget for the period beginning on the Effective Date and ending on December 31, 2018, including the related variances, is attached hereto as Schedule B-1 (the “Initial Annual Budget”). For each Fiscal Year thereafter, the Asset Manager shall be responsible for preparing and submitting to the Company Board for approval as a Major Decision in accordance with the terms of the Company LLC Agreement a proposed updated Annual Budget, including the related variances. The Annual Budget shall be prepared by the Asset Manager in accordance with the protocols (including the preparation of the back-up materials on the timetable set forth therein) set forth on Schedule B-2 hereto (the “Budget Development Protocols”). The Annual Budget for each Fiscal Year shall be prepared with the same detail and line items as set forth in the Initial Annual Budget and such other detail as the members of the Company Board appointed by the Preferred Partners in accordance with Section 4.3(c) of the Parent LP Agreement (the “Preferred Board Members”) may reasonably request. In connection with the review of a proposed Annual Budget, the Preferred Board Members may reasonably request additional information regarding the materials supporting the proposed Annual Budget or such other information as is necessary or desirable to enable review of such proposed Annual Budget, and the Asset Manager shall provide such requested information. The Preferred Board Members shall consent to or reject the proposed Annual Budget, or request additional information (as provided for above), within ten (10) Business Days following (i) receipt of such proposed Annual Budget or (ii) receipt of all additional information that is, in the determination of the Preferred Board Members, necessary or desirable to enable review of such proposed Annual Budget. The Asset Manager shall comply with the Budget Development Protocols regarding the Preliminary Budget for each Fiscal Year. The Annual Budget shall be prepared and submitted annually by the Asset Manager no later than December 10, 2018 for the next Fiscal Year and thereafter by December 10 of each year with respect to the following Fiscal Year. The Annual Budget for each Fiscal Year shall include use of the pre-funded reserve amounts as shown on Schedule B-3 hereto for the four Fiscal Quarters comprising such Fiscal Year. In connection with the submission of the Annual Budget, the Asset Manager shall also prepare and submit to the Company Board an annual business plan for Parent and its Subsidiaries, including a responsible five-year operations forecast, including the operating metrics set forth on Schedule B-4 hereto (the “Annual Plan”). The Preferred Board Members, or their designated representatives, shall be provided reasonable access to all information, data, reports, models and analyses relied on in developing the Annual Plan (including, for the avoidance of doubt, all financial and silvicultural assumptions, constraints, supporting stand level data, merchantable timber volumes, pre-merchantable acres by species and age class, and acres by land classification).

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

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