Federal Obligation definition

Federal Obligation means any direct obligation of, or any obligation the full and timely payment of principal of and interest on which is guaranteed by, the United States of America, including, but not limited to, United States Treasury Certificates of Indebtedness, Notes and Bonds--State and Local Government Series or certificates of ownership of the principal of or interest on direct obligations of, or obligations unconditionally guaranteed by, the United States of America, which obligations are held in trust by a commercial bank which is a member of the Federal Reserve System and has capital and surplus (exclusive of undivided profits) in excess of $100,000,000.
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Federal Obligation means any direct obligation of, or any obligation the full and timely payment of principal of and interest on which is guaranteed by, the United States of America.
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Examples of Federal Obligation in a sentence

  • Performance in Meeting Federal Obligation: According to the applicant, the facility has no existing obligations under any federal regulations requiring provision of uncompensated care, community service, or access by minority/handicapped persons.

  • Federal Obligation: American with Disabilities Act (ADA) Based on the 1964 Civil Rights Act and expanding upon the obligations of the 1973 Rehabilitation Act, the 1990 ADA prohibits discrimination against people with disabilities.

  • Federal Obligation to the Loan Guarantee Program - Any obligations that the CAR incurs for loan guarantees in excess of the amount awarded under the cooperative agreement are the CAR’s responsibility.

  • NOTES Chapter 2: Conditions of Award and Acceptance HIGHLIGHTS OF CHAPTER: • Award Document• Award Notification and Acceptance Procedures• Special Conditions• Federal Obligation Process• Automated Clearing House Enrollment AWARD DOCUMENT After completion of the internal review process, the applications designated for approval are formally awarded through the issuance of an award.

  • The amount of toll credit available each year is limited by the amount of annual Federal Obligation Authority (OA).

  • If federal funds are to be used, the Agreements Engineer will complete the Federal Obligation Request Form and submit it electronically to the Highway Funds Manager.

  • If the Federal Obligation Type identified in section 2.3 is “Single,” then the project- specific agreement obligates for the budget period the amount listed in section 2.2. as the Grant Amount and sections 10.2 (c)–10.2(f) do not apply to the project specific agreement.

  • This will provide a level of transparency both in how projects are selected and how to make sure these requirements are met prior and to navigate the E-STIP SWIFT application process.g. Annual Federal Obligation Report: Develop the Annual Federal ObligationReport.

  • Three Years Plus One Plus One Federal Obligation Restriction This section explains the Federal restriction on the number of years that States are allowed to carry forward unobligated funds.23 CFR Part 1300.41(b) requires that unexpended grant funds shall not be available for expenditure beyond the period of three years after the last day of the fiscal year of apportionment or allocation.

  • Of the Federal excise taxes collected by the IRS, California gets back approximately 90% of these contributions through the Federal Obligation Authority (OA).

Related to Federal Obligation

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • General Obligation Bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Collateral Obligation means a commercial loan or participation interest therein or bond owned by the Borrower, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • Federal office means the office of president of the United States, United States

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • General order means such order as applies generally throughout the state to all persons, employments, places of employment or public buildings, or all persons, employments or places of employment or public buildings of a class under the jurisdiction of the department. All other orders of the department shall be considered special orders.

  • Federal law means the Statute of Canada entitled “The Cannabis Act” and any other Canadian federal legislation regulating cannabis.

  • STATE OF ss.: COUNTY OF ) On this ___ day of ________, 19__, before me, a notary public in and for the State of ____________, personally appeared __________ _________, known to me who, being by me duly sworn, did depose and say that he resides at __________________________; that he is the ____________________ of First Union National Bank, a national banking association, one of the parties that executed the foregoing instrument; and that he signed his name thereto by order of the Board of Directors of said association. Notary Public [NOTARIAL SEAL]

  • Federal loan means a loan made by an agency. The term does not include loan guarantee or loan insurance.

  • Conflicts of Interest Policy means our policy on potential conflicts of interest that may arise in providing our services and how we manage them.

  • Conflicts of Interest means any activity which creates a conflict between Company and my personal interests, including, but not limited to: (i) owning a financial interest in any Person which does business with Company (except where such interest consists of ownership of securities in a publicly owned corporation); (ii) rendering services to any Person which does business with Company; (iii) accepting gifts (or more than token value), loans (other than from established financial institutions), excessive entertainment, or other substantial favors from any Person which does business or is seeking to do business with Company; (iv) representing the Company in any transaction in which I have a substantial interest; (v) using Confidential Information for personal gain; (vi) competing with Company, directly or indirectly, in the purchase or sale of property, products, or services; (vii) transacting personal business with any Person so as to cause such Person to believe he is dealing with Company rather than me as an individual; and (viii) rendering employment services to Company that may violate a prior contract between me and another Person or improperly using or disclosing trade secrets of another Person.

  • body governed by public law means any body:

  • Federal facility means any building or infrastructure used or to be used by the federal government,

  • State law means the unemployment insurance law of any state, approved by the United States secretary of labor under section 3304 of the Internal Revenue Code of 1954.

  • State practice laws means a party state's laws, rules and regulations that govern the practice of nursing, define the scope of nursing practice, and create the methods and grounds for imposing discipline. "State practice laws" do not include requirements necessary to obtain and retain a license, except for qualifications or requirements of the home state.

  • Refinancing Effective Date shall have the meaning assigned to such term in Section 2.21(j).

  • Federal Reserve Bank The Federal Reserve Bank of New York and/or such other Federal Reserve Banks as may maintain Pass-Through Certificates on the Fed System, or any successor selected or approved by Xxxxxxx Mac.

  • district heating or ‘district cooling’ means the distribution of thermal energy in the form of steam, hot water or chilled liquids, from a central source of production through a network to multiple buildings or sites, for the use of space or process heating or cooling;

  • bodies governed by public law means bodies that have all of the following characteristics:

  • Natural Outlet means any outlet into a watercourse, pond, ditch, lake or other body of surface or groundwater.

  • Public Governor means a member of the Council of Governors elected by the members of one of the Public Constituencies;

  • Call-by-call basis means any method of charging for telecommunications services where the price is measured by individual calls.

  • the Governors means the directors of the Academy Trust (and "Governor" means any one of those directors), subject to the definition of this term at Article 6.9(b) in relation to Articles 6.2-6.9;