Sentences with phrase «out of the reserve fund»

Mr. Harrison said the mechanism to get those monies out of the reserve fund and into the capital fund triggered the fiscal stress score because monies from the capital reserve fund had to flow through the district's general fund.

The FDIC provides deposit insurance out of reserves funded by premiums it collects from member banks.

While it took a bite out of our reserve fund, the bus was a necessity for us to continue saving abandoned and abused pups in metro Atlanta area and surrounding counties.

(2) The board does not require the consent of the owners to make an expenditure out of a reserve fund.

Accommodations could gradually be accomplished by expenditures out of the reserve fund or could eventually be accomplished once enough funds had been set aside.

Not exact matches

Similarly, in a fractional reserve requirement environment, when the depository institution system adds loans and securities to its assets, it «pays» for these asset acquisitions with funds created figuratively out of thin air.

It has done this by offering attractive interest rates on banks» reserves held at the Fed, so the banks keep their excess funds there instead of lend them out to borrowers in the economy.

«The consortium of 40 + banks (known as R3cev) which aims to do just that will inevitably develop something which: is permissioned (for users and developers like the apple app store), privatized, has fees, will not be entirely transparent to everyone, will not be open - source, it will definitely be inflationary to accommodate monetary policy of debasement and fractional reserve schemes, it will facilitate negative interest rates, central control of accounts for suspension / freezing of funds, bail - ins, bail outs, capital controls and transactions will include the identity of both sender and receiver and store that information in a centralized location for the convenience of hackers.»

The town plans to disperse the cost, estimated at between $ 18 and $ 24 million, across a number of funding streams, including dipping into their reserves, taking out bonds and obtaining grant funding.

The Assembly's one - house budget carved out some of the capital funding reserved for upstate rural hospitals to go toward Roswell Park Cancer Institute.

«The key aspect of Tom's plan is to create these reserve accounts that would force localities to contribute during good times to this fund, so when the volatility comes back in, it smooths it out,» he said.

But in a statement from the Nigerian Wailers signed by its Deputy National Publicity Secretary, Mr Fasipe Oluyemi, the group has called on the good people of Nigeria to come out en mass for a protest (#OccupyCBN) to stop this impunity of the Fraudulent Forex Trading, Round Tripping and racketeering going on in the Central Bank of Nigeria aided by its Governor, Mr. Godwin Emefiele and bring to an end the Manipulation of Forex, illegally funding Federal Government budget, short - changing the Money Deposit Bank's reserve ratio at the expense of the Masses as the abuse of internal process.

Act 815 which established the Ghana Heritage Fund spells out the objectives of the Fund, to among others, provide «an endowment to support development for future generations when the petroleum reserves have been depleted.»

Do they wish to go down an old and trodden path with Supervisor Gromack that has taken the town to the second highest property taxes in the United States where senior citizens were to be sold out to protect the Town's reserve fund and its bond street rating, where the properety values of citizens living in the Town of Clarkstown would not be protected by implementation of a Ward System, where consolidation of purchasing functions with the County would not occur, and where systemic corruption would continue to grow as revealed by several arrests of individuals receiving compensation from the Town?

The funding comes straight out of the utility's cash reserves.

But each time enrollment falls, district leaders seem to be caught off guard, forced to dip into reserves, pare down extracurriculars, and make out - of - cycle pleas for rescue funding in order to avert salary freezes, seniority - based layoffs, or school closures.

Gov. Fordice argued that the loan funds should not come out of the state's «rainy day» fund, saying that money should be reserved for statewide emergencies, not used for local crises.

A state shall reserve a portion of these grant funds to carry out the following national programs:

Rather than pay for these additional needs out of the state reserves and then give us enough flexible funding to cover the extra costs, they instead repurposed the money that had been earmarked already for the education budget and left virtually all districts in a mess.

However, after the initial reserved elements noted above, half of the remaining pot for the NFF formula (22.6 % of the overall pot) is to be given out on the basis of population, which does not target funding to needs.

Putting all schools into MATs enables shared reserves and flattens out financial risk, as does movement of funding from local authorities to MATs.

Exceptions could be made to reserve a vehicle for a maximum of 24 hours only to out of state buyers with proof of wired funds.

While some students luck out and receive financial assistance by way of grants and scholarships, others are not so lucky and, if they don't have a sizable reserve of personal or familial funds, must rely on student loans to foot the bill.

How to use our ratings You can either focus on the letter grades we hand out in each of the four main categories (program spending efficiency, fundraising costs, governance and reserve fund size), or the final grade, depending on what's most important to you.

If SWR is lower than 3 %, mortgage paid off, asset allocation is mapped out, college funds in good shape (well as good as they can be in this rather messed up system we have here) and safe cash reserve is 3x of living expenses, I see no reason why retiring early with kids would be a problem.

Also, the size of the M1 aggregate has been held down in recent years by «sweeps» — the practice that banks have adopted of shifting funds out of checking accounts that are subject to reserve requirements into savings accounts that are not subject to reserve requirements.

-- > regulations will be clarified to spell out the amount of an adequate reserve fund for each condo development, which should also help eliminate surprise hikes in fees or special assessments levied against each owner

It can take money out of your retirement reserve fund.

The two figures differ because banks do not loan out the total amount of their excess reserves, and because the whole amount of bank loans is not converted into checkable deposits since borrowers typically commit some funds to saving and convert some funds to currency.

Initially, the expansion of Federal Reserve credit was financed by reducing the Federal Reserve's holdings of Treasury securities, in order to avoid an increase in bank reserves that would drive the federal funds rate below its target as banks sought to lend out their excess reserves.

Based out of San Francisco, the non-profit organization «Maddie's Fund» defines «no - kill» as «saving both the adoptable (healthy) and treatable dogs and cats, with euthanasia reserved only for non-rehabilitable animals».

This was all the brain child of the enterprising Sheickh Maktoum and his family who realised that oil reserves were one day going to run out and a new revenue stream would be needed to fund the future of Dubai.

In order to participate in most rebate programs, the process is usually as follows: find a solar installer, work together to determine the size of the system you'll need, fill out the forms necessary to reserve rebate funds, install the solar system, apply for the required permits (your installer will often do this part for you) and obtain approval from utility inspectors.

In this more recent case of largesse, the mayor will give Environmental Defense Fund $ 6 million to carry out the «strategy of securing strong rules and developing industry best practices in the 14 states with 85 percent of the country's unconventional gas reserves.»

Having set out the context to the Follett case, it is clear that Leveson LJ was influenced by the insurer's actuarial evidence to the effect that catastrophic injury claims call for special treatment if insurers were to make a proper assessment of the reserves necessary to fund the payments in future years.

(8) Before investing any part of the money in the corporation's reserve fund accounts, the board shall develop an investment plan based on the anticipated cash requirements of the reserve fund as set out in the most recent reserve fund study.

(a) if the amount of money in the contingency reserve fund at the time of the first annual general meeting is less than 25 % of the estimated operating expenses for the 12 month period set out in the interim budget, the annual contribution to the contingency reserve fund under the first annual budget must be at least 10 % of the total amount budgeted for the contribution to the operating fund for the 12 month period covered by that budget;

(b) the owner developer must calculate the contribution to the contingency reserve fund required under section 12 of the Act as a percentage of the estimated annual operating expenses as set out in the interim budget for the new phase of the strata plan only;

(e) the details of expenditures out of the contingency reserve fund, including details of any unapproved expenditures under section 98 of the Act;

Lending sources were extremely skeptical about funding new construction (particularly hotel and hospitality) coming out of the last recession, and the current lending environment is showing signs of reticence as bank reserve requirements from Basel III and CMBS risk retention requirements from Dodd - Frank are due to kick in by late 2016.

Im trying to start saving before I begin renting out the home to have about 4 months worth of Mortgage payments, so it will be $ 3,440 I will have for reserve (vacancy and maintenance fund).

Our experience with NAR member organizations is they have greater percentages of reserve funds to operating expenses, and therefore they have reached out to learn more about the NAR Association Investment Program (AIP).

It's a fun exercise to divide the replacement cost by your estimate of the items useful life to calc out how much you should theoretically have in your reserve fund each year.

But the figure still represents a success, lenders say, because last year's volume was hampered when HUD ran out of credit subsidies (required loan - loss reserve funds) halfway through the fiscal year.

Between January 2007 and May 2013, commercial banks increased their holdings of excess reserves, or funds they normally loan out, from $ 1.5 billion to $ 1.9 trillion, according to Federal Reserve Bank of St. Louis's Federal Reserve Economic Data, or FRED.

In addition to maintaining separate trust accounts, when strata fees that include contingency reserve funds or special levy payments of a section are received by the brokerage, the brokerage must transfer the portion of the fee that relates to the contingency reserve fund or special levy to the contingency reserve fund trust account or special levy trust account of the section, as the case may be, within the time period set out in section 7 - 9 (4) of the Rules.

You will also run into duplex LTV restrictions... so lets say you bought it for 100K cash, put 15K into it... then tried to refi - the banks asks for 6 - 12 months seasoning and max ltv on a duplex 80 % LTV... you have tied up the funds and end up with 65,000 back... your going to run out of reserves.

A 10 to 12 percent interest - rate loan commitment from an in - market lender that is well - versed in the project type, realistic about project reserves and execution, and willing to provide flexibility on structuring burn - offs for guarantees may yield a far better execution probability for the project than a 9.0 percent rate loan commitment with soft reserve and guaranty requirements from an out - of - market lender that will accept non-refundable loan due diligence deposits only to fail to close at the time of funding.