Annual Appropriation definition
Examples of Annual Appropriation in a sentence
The provisions of Sections VI (Independent Contractor), VII (Insurance), VIII (Indemnification) and XII (A) (Governing Law and Venue), (J) (Rights and Remedies), (K) Annual Appropriation), (N) (Release of Information) and (O) Attorneys’ Fees, shall survive the expiration or termination of this Agreement.
The term (the “Term”) of this Agreement shall commence on the Commencement Date and end on the date on which the last Annual Appropriation TIF Payment is made by the City to the Company under Section B.1 above.
The Series 2019 Bonds shall be designated "City of Noblesville, Indiana, Taxable Annual Appropriation Economic Development Revenue Bonds, Series 2019 (▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Project)." The Series 2019 Bonds shall be originally issuable as a [single,] fully registered Bond in the principal amount of $ and shall be lettered and numbered R-1 and upward.
The “Budget Report” is the Annual Appropriation Report that was approved by City Council in Resolution R- .
In addition, no Annual Appropriation Payment shall exceed the amount of unencumbered Incremental Property Tax Revenues (excluding allocations of “back-fill” or “make-up” payments from the State of Iowa for property tax credits or roll-back) actually received by the City from the Marshall County Treasurer attributable to the taxable incremental valuation of the property situated in the Urban Renewal Area in the six (6) months immediately preceding such Annual Appropriation Payment Date.
Initial Step Placement 5 Section C: National Board Certification 6 Section D: Annual Appropriation Agreement 6 Section E: Insurance Benefits 7 Section F: Leaves 7 Section G: Sick Leave Award Upon Retirement 7 Section H: Professional Development 7 1.
Further, the aggregate Annual Appropriation Payments to be made in each fiscal year shall not exceed an amount equal to the corresponding Appropriated Amount (for example, assuming there are Annual Appropriation Payments due on December 1, 2024 and on June 1, 2025, the aggregate maximum amount of such Annual Appropriation Payments would be determined by the Appropriated Amount determined for certification by December 1, 2023).
In any given fiscal year, if the City Council determines to not obligate the then-considered Appropriated Amount, then the City will be under no obligation to fund the Annual Appropriation Payments scheduled to become due in the following fiscal year, and the Company will have no rights whatsoever to compel the City to make such Annual Appropriation Payments, to seek damages relative thereto, or to compel the funding of such Payments in future fiscal years.
This Series 2019 Bond is [the only] one of an authorized issue of bonds of the Issuer[, of like date, tenor and effect, except as to rates of interest and dates of maturity,] designated as the Taxable Annual Appropriation Economic Development Revenue Bonds, Series 2019 (▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Project) (hereinbefore and hereinafter the "Series 2019 Bonds") which are being issued under the Indenture in the aggregate principal amount of $ .
In any given fiscal year, if the City Council determines to not obligate the then- considered Appropriated Amount, then the City will be under no obligation to fund the Annual Appropriation Payments scheduled to become due in the following fiscal year, and the Company will have no rights whatsoever to compel the City to make such Annual Appropriation Payments, to seek damages relative thereto, or to compel the funding of such Payments in future fiscal years.