Subfund definition
Examples of Subfund in a sentence
The 2014 Adopted Budget for DPR includes $89 million of General Subfund revenues which will be the baseline for allocating General Subfund revenues to DPR, adjusted annually by the annual percent change (July to July) in the Consumer Price Index (CPI-U) for Seattle (“CPI”), unless the City Council by resolution with a ¾ vote determines that a natural disaster or exigent economic circumstances prevent the Council from maintaining this level of General Subfund support.
The City shall include in its annual budget General Subfund revenues to support the Department of Parks and Recreation (“DPR”) projects, programs and services in amounts necessary to meet or exceed the minimum funding described in this paragraph.
This Section 25 shall not limit or in any way affect BISYS' right to appoint a Sub-fund accountant pursuant to Section 2 hereof.
Each instrumental musician, leader, contractor, arranger and orchestrator whose services were included in any television program for which Supplemental Market Fees are paid (“participating musician”) shall receive an equal portion of the part of the musicians’ share of the Subfund which is allocable to such television program.
In the event of a medical claim funding shortfall during this time, NB and NC Health Care Subfund funds can be used immediately to cover costs for the respective populations.