Excess surplus definition
Excess surplus means any unexpended and unencumbered amount in the agency’s Low and Moderate Income Housing Fund that exceeds . . . the aggregate amount deposited into the Low and Moderate Income Housing Fund . . . during the agency’s preceding four fiscal years. The first fiscal year to be included in this computation is the 1989-90 fiscal year, and the first date on which an excess surplus may exist is July 1, 1994. (Code section 33334.12(g)).
Excess surplus means any unexpended and unencumbered
Excess surplus means any amount on hand in excess of the amounts set aside to fund the reserves to the target levels identified in the long-range budget plan;
Examples of Excess surplus in a sentence
Excess surplus funds contributed by Members and former Members may be distributed only among such contributing Members or former Members, subject to the five year membership requirement of Paragraph 15.
More Definitions of Excess surplus
Excess surplus means any unexpended and unencumbered amount in an authority’s Low and Moderate Income Housing Fund that exceeds the greater of one million dollars ($1,000,000) or the aggregate amount deposited into the Low and Moderate Income Housing Fund pursuant to Sections 62100 and 62104 during the authority’s preceding four fiscal years. The first fiscal year to be included in this computation is the 2016–17 fiscal year, and the first date on which an excess surplus may exist is July 1, 2021.
Excess surplus means the funds in the beneficiary lon- gevity reserve account that exceed the funded status range and that are subject to allocation by the Board as provided in R2-8-203(A)(3).
Excess surplus means any surplus in excess of the Allowable Surplus.
Excess surplus means any unexpended and unencumbered amount in an
Excess surplus or "ES" means the excess profit for the year, calculated as per paragraph 3; means the amount of direct costs and expenditure actually paid (or incurred but not paid) by the Contractor during the relevant Contract Year in respect of the Services but excluding:
Excess surplus means the funds in the beneficiary longevity reserve account that exceed the funded status range and that is subject to allocation by the Board as provided in rule R2-8-203(A)(3).
Excess surplus means (i) an amount equal to (A) the Surplus minus (B) the Surplus Threshold, plus (ii) interest on such amount, calculated at the rate of four percent per annum, from the Closing Date to the Surplus Determination Date.