Funding Year means in the case of the first Funding Year, the period commencing on the Effective Date and ending on the following March 31, and in the case of Funding Years subsequent to the first Funding Year, the period commencing on the date that is April 1 following the end of the previous Funding Year and ending on the following March 31;
Reporting Year means a twelve-month compliance reporting period required under the Applicable Program.
Preceding year means a period of 12 consecutive months fixed by the division
Election Year means a year in which ordinary elections for local governments are required to be held;
Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.