State interest definition
Examples of State interest in a sentence
To the extent the State payment (including estimated cumulative balance) is less than actual outlays, a State interest liability will be calculated.
The Federal Government shall use the following methods to calculate and document Federal and State interest liabilities for SSI.
SSA shall calculate Federal and State interest liabilities on the variance between (1) the amount of the monthly State payment, which is an estimate, and (2) the actual monthly outlays for program purposes made by the SSA on behalf of the State.
Payments received after the SSI/SSP Transfer Date: A State interest liability will accrue from (1) the SSI/SSP Transfer Date until (2) the day State funds are credited to the SSA.
In the event a claim is made against the State for any such claim, cause of action, liability, damage, cost or expense, State may, at its sole option: (i) tender the defense to Contractor, who shall provide qualified and competent counsel to represent the State interest at Contractor’s expense; or (ii) undertake its own defense, utilizing such professionals as it deems reasonably necessary, holding Contractor responsible for all reasonable costs thereof.
For each check in the sample population, the State shall: 1 subtract the deposit date from the issuance date 2 multiply the difference of step 1 by the check amount 3 divide the product of step 2 by the total amount of funds drawn in the sample to determine the dollar-weighted pre- issuance time for that check The State shall then sum the dollar-weighted pre-issuance time for each check to arrive at the total dollar-weighted average pre-issuance time to be used for calculating State interest liabilities.
The State shall use the following formula to calculate interest on each component cash flow: I = [A x i x (CT - PIT)] / 365 "I" represents the State interest liability for a major object or component cash flow.
If actual interest earnings exceed the banking costs attributable to such funds, the State will remit the difference to the Federal government as a State interest liability.
Unless otherwise agreed to by the Agency and the State, interest earned on any funds advanced pursuant to this paragraph shall be credited to reduce payments due from the Agency under this contract.
Unless otherwise agreed to by the District and the State, interest earned on any funds advanced pursuant to this paragraph shall be credited to reduce payments due from the District under this contract.