Fiscal Constraint definition
Fiscal Constraint for the STIP means that it includes sufficient financial information for demonstrating that projects in the STIP can be implemented using committed, available or reasonably available revenue sources, with reasonable assurance that the federally supported transportation system is being adequately operated and maintained. Fiscal constraint applies to each State fiscal year.
Fiscal Constraint means when seventy-five (75) percent of annual program funds have been disbursed or encumbered.
Fiscal Constraint means when the potential cumulative cost of equipment requested through the program for a budgeted portion of a fiscal year equals or exceeds 75% of program funds designated by the department to be available for purchasing equipment during the same period or when 75% of program funds for a fiscal year have been disbursed or encumbered projected expenditures may exceed appropriated funds for equipment distribution within a budgeted period.
Examples of Fiscal Constraint in a sentence
One of the considerations will be a determination of Fiscal Constraint.
It is agreed that Professionalism and Safety are the primary considerations in their decision, and that Fiscal Constraint is an additional factor.
Ensure that Fiscal Constraint is maintained according to §V of this memorandum.
More Definitions of Fiscal Constraint
Fiscal Constraint means a program of projects that does not exceed reasonably expected revenues in any given fiscal year.
Fiscal Constraint for transportation plans means that the total estimated costs of projects included in a plan cannot exceed estimated revenues and the estimated cost of construct- ing, operating, and maintaining the total (existing plus planned) transportation system over the period of the plan.
Fiscal Constraint means when the potential cumulative cost of equipment requested