Sentences with phrase «unexpended funds»
"Unexpended funds" refers to money that has been allocated or set aside for a specific purpose but has not yet been spent or used. Full definition
The carryover provision that allows a portion of unexpended funds for a given year to remain in the account and be available for use in subsequent years is a critical design feature.
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In fact, Walsh pointed out, the 2.53 percent overall increase could conceivably be brought below this year's 1.84 percent tax cap if she were to utilize about $ 19,000 in unexpended funds allocated for 2017.
Unexpended funds must be returned to GLMA, Inc. in the event that the grant recipient is unable to implement the conditions of the grant.
If the debtor decides to close the account, any unexpended funds shall be returned to the debtor or disbursed as directed by the debtor.