Excess Grant definition

Excess Grant. – Excess grant means the amount of expenditure over and above the provision allowed through the original/supplementary grant, that requires regularization by obtaining excess grant from the Parliament under Article 115 of the Constitution.
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Excess Grant means a grant voted by the Legislative Assembly under Article 205(1) (b) of the Constitution to meet the expenditure incurred in a financial year which at the close of the year is found, through the Appropriation Accounts, to have been in excess of the amount granted for a service.
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Examples of Excess Grant in a sentence

  • Cases relating to the recommendations of the Governor for presentation to the House or Houses of Legislature of the State, of Annual Financial Statements relating to supplementary, Additional or Excess Grant and Appropriation Bills.18.

  • Cases relating to the recommendations of the Governor for presentation to the House or Houses of Legislature of the State, of Annual Financial Statements relating to supplementary, Additional or Excess Grant and Appropriation Bills.

  • Approximately $5 million is anticipated to be available from Community Development Block Grant (CDBG), Los Angeles County Proposition A Excess Grant, and Section 108 Loan Program (through the Community Development Commission of Los Angeles) funds.

  • If the total expenditure under a Grant exceeds the provision allowed through its original Grant and Supplementary Grant, then, the excess requires regularization by obtaining the Excess Grant from the Parliament under Article 115 of the Constitution of India.

  • Several empirical methodologies have been developed in the literature to address this issue.

  • Excess Grant' means a grant voted by the Legislative Assembly under Article 205(1) (b) of the Constitution to meet the expenditure incurred in a financial year which at the close of the year is found, through the Appropriation Accounts, to have been in excess of the amount granted for a service.

  • Supplementary Grant and Excess Grant; The constitutional provisions for supplementary grant and excess grant (Article 91) allow the government to incur expenditure in excess of the provision.

  • Frames focusing on local (state) conditions alter perceptions of the severity of climate change and support for subnational policies.

  • Recommendation: That the City Council approve the new agreement with the Palos Verdes Peninsula Land Conservancy to manage the George F Canyon Nature Preserve habitat restoration project funded by the 2007 Los Angeles County Fourth Supervisorial District Excess Grant Funds Program with the indemnity clause as presented.

  • Committee on Public Undertakings Q.8) Solution (c) • Excess Grant: It is granted when money has been spent on any service during a financial year in excess of the amount granted for that service in the budget for that year.

Related to Excess Grant

  • Sub-grant means a grant made or proposed to be made by the Recipient to a Beneficiary out of the proceeds of the Financing for the purpose of financing a Subproject; and “Sub-grants” means more than one such Sub-grant.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • Annual Grant means an Option granted annually to all Non-Employee Directors who meet the criteria specified in subsection 6(b) of the Plan.

  • Nonqualified Option means any Option that is not an Incentive Stock Option.

  • SAR Agreement means the agreement between the Company and an Optionee which contains the terms, conditions and restrictions pertaining to his or her SAR.

  • Performance Award Agreement means a written agreement between the Company and a Holder with respect to a Performance Award.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Date of Option Grant means the effective date of grant of the Option as set forth in the Notice.

  • Maximum horizontal acceleration in lithified earth material means the maximum expected horizontal acceleration depicted on a seismic hazard map, with a 90 percent or greater probability that the acceleration will not be exceeded in 250 years, or the maximum expected horizontal acceleration based on a site-specific seismic risk assessment.

  • Appreciation Award means any Award under this Plan of any Stock Option, Stock Appreciation Right or Other Stock-Based Award, provided that such Other Stock-Based Award is based on the appreciation in value of a share of Common Stock in excess of an amount equal to at least the Fair Market Value of the Common Stock on the date such Other Stock-Based Award is granted.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • NQSO means any Option that is not an ISO.

  • Annual Addition The sum of the following amounts allocated on behalf of a Participant for a Limitation Year, of (i) all Employer contributions; (ii) all forfeitures; and (iii) all Employee contributions. Except to the extent provided in Treasury regulations, Annual Additions include excess contributions described in Code Section 401(k), excess aggregate contributions described in Code Section 401(m) and excess deferrals described in Code Section 402(g), irrespective of whether the plan distributes or forfeits such excess amounts. Annual Additions also include Excess Amounts reapplied to reduce Employer contributions under Section 3.10. Amounts allocated after March 31, 1984, to an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer are Annual Additions. Furthermore, Annual Additions include contributions paid or accrued after December 31, 1985, for taxable years ending after December 31, 1985, attributable to post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)) under a welfare benefit fund (as defined in Code Section 419(e)) maintained by the Employer.

  • Vesting Percentage means the percentage by which the Target Total Award is multiplied as set forth in the chart in Section II below.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • PSU means Public Sector Undertaking

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • NSO means a stock option not described in sections 422 or 423 of the Code.

  • Notice of Grant means a written or electronic notice evidencing certain terms and conditions of an individual Option grant. The Notice of Grant is part of the Option Agreement.