Construction Funding Subsidy definition

Construction Funding Subsidy or “CFS” means the funding that the MOHLTC agreed to provide, or to ensure the provision of, to the HSP, in an agreement for the construction, development, redevelopment, retrofitting or upgrading of beds (a “Development Agreement”).

Construction Funding Subsidy has the meaning ascribed to it in Schedule B.

Construction Funding Subsidy has the meaning ascribed to it in Schedule B. “controlling shareholder” of a corporation means a shareholder who or which holds (or another person who or which holds for the benefit of such shareholder), other than by way of security only, voting securities of such corporation carrying more than 50% of the votes for the election of directors, provided that the votes carried by such securities are sufficient, if exercised, to elect a majority of the board of directors of such corporation.

Examples of Construction Funding Subsidy in a sentence

• The funding allocations in Tables 1 and 2 for LTCHs are only estimates that are subject to adjustment in accordance with the Funding Policies as defined in Schedule 3, including adjustments for reconciliation, Beds in Abeyance, and Construction Funding Subsidy per diem.

• In addition, beds that are not available for occupancy under a written permission of the Director under subsection 104 (3) of the Long- Term Care Homes Act, 2007 will continue to receive Construction Funding Subsidy in accordance with the Beds in Abeyance Policy.

• Hadar found these speci- mens on the beach of Tel Aviv-Yafo from 1948–1968.

• The Estimated Provincial Subsidy includes Level of Care Per Diem Funding net of the sum of estimated Resident Co-payment Revenue, Registered Practical Nurse Funding, Construction Funding Subsidy and, where applicable, any other Non-Level of Care Funding paid by a LHIN4.

• The Registered Practical Nurse and/or, as applicable, Construction Funding Subsidy, will be based on the applicable funding formula as outlined in the L-SAA and/or applicable Policy.

• For assistance in estimating the projected Construction Funding Subsidy, please review the Long- Term Care Home Capital Development Funding Policy, 2020.6 Other Revenue – Other non-LTC revenue required to support the project.

• This Construction Funding Subsidy Policy supports the implementation of the most current design standards for LTC homes, as currently set out in the Long-Term Care Home Design Manual, 2015 (the Design Manual).

• The Construction Funding Subsidy per diem is increased to $21.28, providing the equivalent of $1.9 million in incremental funding.

• Funding is based on the MOHLTC Construction Funding Subsidy Policy for Long-Term Care Homes, 2015, providing a per diem amount for a 25-year period.

• CFS Per Diem Components *Note: This Executive Summary is for convenience of reference, does not constitute a formal part of the Construction Funding Subsidy Policy for Long-Term Care Homes, 2015, and may be removed from the document containing the Policy.

More Definitions of Construction Funding Subsidy

Construction Funding Subsidy has the meaning ascribed to it in Schedule B. “Controlling Shareholder” of a corporation means a shareholder who or which holds (or another perçon who or which hoIdç for the benefit of çuch çharehoIder), other than by way of çecurity onIy, voting çecuritieç of çuch corporation carrying more than 50% of the voteç for the eIection of directorç, provided that the voteç carried by çuch çecuritieç are çuficient, if exerciçed, to eIect a majority of the board of directorç of çuch corporation.

Construction Funding Subsidy has the meaning ascribed to it in Schedule C; “Days” means calendar days;

Construction Funding Subsidy or “CFS” means the funding that the MOHLTC agreed to provide, or to ensure the provision of, to the HSP, in an agreement for the construction, development, redevelopment, retrofitting or upgrading of beds (a “Development Agreement”). “CFS Commitments” means (a) commitments of the HSP related to a Development Agreement, identified in Schedule A of the service agreement in respect of the Home, in effect between the HSP and the LHIN on June 30, 2010, and (b) commitments of the HSP identified in a Development Agreement in respect of beds that were developed or redeveloped and opened for occupancy after June 30, 2010, (including, without limitation, any commitments set out in the HSP’s Application as defined in the Development Agreement, and any conditions agreed to in the Development Agreement in respect of any permitted variances from standard design standards.) "Envelope" is a portion of the Estimated Provincial Subsidy that is designated for a specific use. There are four Envelopes in the Estimated Provincial Subsidy as follows: (a) the “Nursing and Personal Care” Envelope; (b) the “Program and Support Services” Envelope; (c) the “Raw Food” Envelope; and (d) the “Other Accommodation” Envelope. “Estimated Provincial Subsidy” means the estimated provincial subsidy calculated in accordance with Applicable Policy. “Reconciliation Reports” means the reports required by Applicable Policy including the Long-term Care Home Annual Report and, the In-Year Revenue/Occupancy Report. “Term” means the term of this Agreement. 3.0

Construction Funding Subsidy means the monthly payments in respect of the Construction Funding Subsidy Policy under the Development Agreement.