Commonwealth payment definition
Commonwealth payment means a payment from the Commonwealth Commissioner of Taxation of —
Commonwealth payment has the meaning set forth in the Plan of Demutualization.
Commonwealth payment means the distribution to the Treasurer of the Commonwealth required in connection with the Demutualization pursuant to Virginia Code ss.38.2-1005.1B.4.
Examples of Commonwealth payment in a sentence
The Department will pay Commonwealth-funded activity-based funding and block funding on a monthly basis in line with receipt of the Commonwealth payment.
Similarly, the State (or the external party where the Commonwealth payment is being made through the State to that party) bears all risk should the costs of a project exceed the agreed estimated costs.