Local money definition

Local money means money that is owned, held or administered by a political subdivision of the state that is derived from fee or tax revenues but does not include money received by a nonprofit corporation as payment for goods or services purchased from the nonprofit corporation or contributions or donations received by the political subdivision.
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Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues.
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Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues. “Local money” does NOT include money received by an NGO as payment for goods and services purchased from the NGO or contributions/donations received by the political subdivision.
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Examples of Local money in a sentence

  • Public works projects costing $60,000 or more and funded in part by State or Local money require wage decision.

  • Local money lenders account for almost 26% share of total agricultural credit.

  • Local money is often associated with a required match on federal money State: State of Illinois (IDOT).Federal: Several Federal Funds are used for Transportation Projects.

  • Local money from the City of Worthington, Okabena- Ocheda Watershed District and grants from the Olson Trust have used to monitor lakeand stream conditions, install conservation practices on farmland and provide public education materials.

  • Local money, which Silvio Gesell called “free currency” or the Freigeld monetary system and which were described in The Natural Economic Order [cf.

  • Local money lenders, who lend money at high interest rate.COMMUNITY RICE BANK 15Yeatun (35) is a participant of Nirob Circle in Kamarpara of Vogdaburi union.

  • The RCFI will thus become a sub-agent.(d) Local money transfer: RCFIs will offer this service in collaboration with a corresponding commercial bank.29.

  • Domestic and Trade Policy Issues Specific changes in program provisions affecting soybeans are deliberated within the larger context of budget priorities, international obligations, market conditions, and policy developments.

  • One Tax Administration Member, however, confirmed its position that taxpayers should first comply with national rules before any penalty relief could be considered.

  • Where it works best, Big Local money provides local people with a long term, resourced and relevant voice capable not just of representing views but also directly delivering change that they themselves control, providing a focus and a legitimacy to the civic engagement that underpins it.


More Definitions of Local money

Local money means money that is owned, held, or administered by a political subdivision of the state that is derived from fee or tax revenues. “Local money” does NOT include money received by an NGO as payment for goods and services purchased from the NGO or contributions/donations received by the political subdivision.NGO Reporting Requirements An NGO that receives state money or federal pass-through money from a state agency must enter into a written agreement with that state agency in which the NGO agrees to disclose to the state agency annually whether the NGO received or spent at least $25,000 in combined federal pass-through, state and local money in both 1) the previous year, and2) the year in which the federal pass-through or state money is received. An NGO that receives or spends at least $25,000 in combined federal pass-through, state, and local money is required to submit the following reports annually to the Office of the Utah State Auditor at reporting.auditor.utah.gov. (If your nonprofit is not located in the dropdown menu for nonprofits, please contact Kylie Cone at kcone@utah.gov or 801- 538-1025.) These reports are due within 6 months of the NGO’s fiscal year end. TOTAL COMBINED AMOUNT OF FEDERAL PASS-THROUGH, STATE AND LOCAL MONEYTYPE OF REPORT REQUIRED (DUE WITHIN 6 MONTHS OF NGO’S FISCAL YEAR END)MORE THAN $750,000An audit in accordance with Generally Acceptance Auditing Standards (GAAS)BETWEEN $350,000 AND $750,000A review conducted by an independentcertified public accountantBETWEEN $100,000 AND $350,000A compilation of its accounts by an independent certified public accountant. BETWEEN $25,000 AND $100,000A copy of Form 990 or a financial report form Note: An audit in accordance with GAAS will satisfy any of the reporting requirements listed above.Question and Answers:If an NGO goes through a competitive application process, are they exempt from reporting requirements?No, even if an NGO goes through a competitive application process, the result is still a grant awarded to the NGO and would qualify them for reporting to the Office of the State Auditor. A competitive application process is NOT the same as going through the “state procurement process.”Are the reporting requirements based on the amount awarded during the fiscal year, or the actual amounts received and/or spent during the fiscal year?The reporting requirements (i.e. audit, review, compilation, Form 990) are based on the actual combined amount of federal pass-through, state and loca...
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Related to Local money

  • E-Money means electronic money as defined in the SI No. 183/2011 – European Communities (Electronic Money) Regulations 2011.

  • Client Money means the provisions of the FCA’s Client Assets Sourcebook relating to client money.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Credit Party and any Cash Management Bank.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Security Agreements means the Borrower Security Agreement and the Subsidiary Security Agreement.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Indebtedness for Borrowed Money means any present or future indebtedness (whether being principal, premium, interest or other amounts) for or in respect of (i) money borrowed, (ii) liabilities under or in respect of any acceptance or acceptance credit or (iii) any bonds, notes, debentures, loan capital, certificates of deposit, loan stock or other like instruments or securities offered, issued or distributed whether by way of public offer, private placement, acquisition consideration or otherwise and whether issued for cash or in whole or in part for a consideration other than cash;