![]() ![]() GHFA is the PJ for the non-entitlement areas of the State of Georgia. PJ means a Participating Jurisdiction, which is an agency of State or Local Government that administers the HOME Program in its jurisdiction. Membership dues means the dues established pursuant to the by-laws and regulations of the Institute as the dues payable by its members as a consequence of their membership in the Institute, and shall not include any initiation fee, insurance premium, or special levy ĭisposable income means that part of the income due and payable of any individual remainingĭisposable earnings means that part of the earnings of a judgment debtor remaining after the deduction from those earnings of any amounts required by law to be withheld.(See the “Imputed Incomes/Allowable Rents” Tables posted on the ADOH website at “sixty percent (60%) of AMGI”, “fifty percent (50%) of AMGI”) and as the base in calculations that yield maximum rents by number of bedrooms. Nonresident unincorporated business entity means an unincorporated business entity not having an office or place of business within the Municipality.Īrea Median Gross Income or “AMGI” means the measure of household income, published by HUD, adjusted for family size, used by the IRS as a reference in establishing income levels for the LIHTC Program (i.e. Nonrecourse Built-in Gain means with respect to any Contributed Properties or Adjusted Properties that are subject to a mortgage or pledge securing a Nonrecourse Liability, the amount of any taxable gain that would be allocated to the Partners pursuant to Section 6.2(b) if such properties were disposed of in a taxable transaction in full satisfaction of such liabilities and for no other consideration.Ĭadre means the strength of a service or a part of a service sanctioned as a separate unit. SFTR means Regulation EU 2015/2365 of the European Parliament and of the Council on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 as may be modified, amended, supplemented, consolidated or re-enacted from time to time A not- for-profit agency for persons with disabilities that is exempt from taxation under Section 501 of the Internal Revenue Code of 1986 is also considered a "business owned by a person with a disability". The preceding sentence applies only if the defined benefit plans individually and in the aggregate satisfied the requirements of section 415 of the Code for all Limitation Years beginning before January 1, 1987.Īrea Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.īusiness owned by a person with a disability means a business concern that is at least 51% owned by one or more persons with a disability and the management and daily business operations of which are controlled by one or more of the persons with disabilities who own it. Notwithstanding the above, if the Participant was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined benefit plans maintained by the Employer which were in existence on May 6, 1986, the denominator of this fraction will not be less than one hundred twenty five percent (125%) of the sum of the annual benefits under such plans which the Participant had accrued as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the Plan after May 5, 1986. A year of Service with the Employer is the twelve (12) consecutive month period defined in Section 1.54 of the Plan. ![]() Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's Projected Annual Benefits under all the defined benefit plans (whether or not terminated) maintained by the Employer, and the denominator of which is the lesser of one hundred twenty-five percent (125%) of the dollar limitation determined for the Limitation Year under sections 415(b) and (d) of the Code or one hundred forty percent (140%) of the Highest Average Compensation (which shall mean the average compensation for the three consecutive years of Service with the Employer that produces the highest average), including any adjustments under section 415(b) of the Code.
0 Comments
Leave a Reply. |