Operating Subsidy definition

Operating Subsidy means the operating subsidy payable to the Society by HRM for each Fiscal Year, or part thereof, that this Agreement is in effect;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Operating Subsidy means funds provided by the City on an annual basis, payable in quarterly installments, to cover revenue shortfalls anticipated in the facility’s operations, as more fully hereinafter provided, not to exceed $1,400,000 in any City Fiscal Year.

Operating Subsidy means additional annual contributions for operations under section 9 of the Act.

Examples of Operating Subsidy in a sentence

Furthermore, Congress has stipulated that HUD transition all public housing authorities to a calendar year funding cycle for Operating Subsidy.
No additional funding shall be provided beyond the amount specified above for Operating Subsidy and further that such funds are subject to the availability of appropriations.
Funding for operating subsidy in the second and subsequent years of this agreement will be based on initial year funding (the baseline as adjusted) and will be further adjusted annually commensurate with adjustments to annual appropriations for the Operating Subsidy Program.
BC Housing will provide a monthly Operating Subsidy as approved in the annual Operating Budget.
The Annual Operating Budget will comply with generally accepted accounting principals and will be based on the anticipated Project Income, detailed estimate of all anticipated Project Expenses, and Operating Subsidy for the Project.
The Operating Subsidy will be based on an annual budget approved by BC Housing and will be provided directly to the Provider as set out in Schedule B.
The Operating Subsidy and the Support Services Subsidy will be paid to the Provider in advance on a monthly basis, and reconciled annually or mid-year.
The Owner shall keep and maintain at all times complete and accurate books of accounts and records, all written contracts, leases and other instruments which may relate to the Operating Subsidy.
The Operating Subsidy and the Support Services Subsidy will be based on an annual budget approved by BC Housing, and provided directly to the Provider for such other matters as set out in Schedule B.
Cost Factors to increase the Benchmarked Operating Costs are used in the calculation of Part II and Part III Housing Providers’ Operating Subsidy under the Benchmark Funding Model of the Housing Services Act, 2011 as set out in O.

More Definitions of Operating Subsidy

Operating Subsidy means the amounts payable by Authority for deposit in the Operating Account to supplement operating revenues from the Property, in accordance with the Management Agreement.

Operating Subsidy or “Annual Operating Subsidy” is an amount equal to the cost of providing transit service less fare revenue and any other funds dedicated to this service. Annual operating subsidy will be estimated in advance of providing service and will be paid by TIMMA to AC Transit in quarterly payments in advance as agreed upon in the Operating Agreement. Actual operating subsidy will be reconciled based on actual service provided and fares and funding collected.

Operating Subsidy means the operating subsidy payable to the Commission by HRM for each Fiscal Year, or part thereof, that this Agreement is in effect. As long as allowed by Applicable Laws, HRM may pay any operating subsidy in cash, non-cash consideration or other benefits as determined by HRM;