Surplus Moneys definition

Surplus Moneys means the moneys that would form part of the Consolidated Fund pursuant to section nineteen of the principal Act as land revenue if this present section had not been passed.
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Surplus Moneys. – means those moneys received by the Bank in relation to the Account and being reasonably determined by the Bank from time to time in excess of the amount of the Moneys Secured.
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Surplus Moneys. – means those moneys received by the Bank in relation to the Account and being
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Examples of Surplus Moneys in a sentence

  • The first $1,000,000 of Surplus Moneys (the “Developer Payment”) shall be paid to ABPC, provided, however, that during the first and last Lease Years, such Developer Payment amount shall be prorated for the actual number of months in said years.

  • To the extent any Developer Payment is not paid to ABPC when due for any reason, Surplus Moneys not needed to pay the currently due Developer Payment in full shall next be used to pay accrued but unpaid Developer Payments in the order accrued.

  • The State and ABPC shall share equally in Surplus Moneys up to the next $2,000,000 from the balance remaining after payment and reimbursement in full of the Developer Payments as provided in Section 6(c)(i)-(ii) above.

  • The State shall receive 85 percent and ABPC shall receive 15 percent of the balance of Surplus Moneys remaining after payment and reimbursement of the maximum Developer Payments and the maximum State and Developer Additional Payment as provided in Section 6(c)(i)-(iii) above.


More Definitions of Surplus Moneys

Surplus Moneys is defined in Section 6(c) of this Lease.
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Related to Surplus Moneys

  • Available Moneys means:

  • Public moneys means all moneys belonging to, received by, or held by, the state, or any city, county, town, district, or public agency therein, or by an officer thereof acting in his or her official capacity, and includes the proceeds of all bonds and other evidences of indebtedness, trust funds held by public pension and retirement systems, deferred compensation funds held for investment by public agencies, and public moneys held by a financial institution under a trust indenture to which a public agency is a party.

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.