Common use of Allocation of Funding Clause in Contracts

Allocation of Funding. Funding received from Canada under the GTF is advanced to municipalities before the expenditures for which they are intended are incurred. Funds flow annually in two installments, one in July and another in November, as long as all reporting and compliance requirements are met. Under the Amending Agreement, the formula for the distribution of gas tax funds is as follows:  90% of gas tax funding is allocated to all municipalities and Northern Affairs communities on a per capita basis;  9.5% to the Cities of Winnipeg and ▇▇▇▇▇▇▇ allocated on a per capita basis;  0.25% for the application-based Small Communities Transit Fund (SCTF); and  0.25% for provincial administrative costs.

Appears in 1 contract

Sources: Gas Tax and Public Transit Fund Agreement

Allocation of Funding. Funding received from Canada under the GTF is advanced to municipalities before the expenditures for which they are intended are incurred. Funds flow annually in two installments, one in July and another in November, as long as all reporting and compliance requirements are met. Under the Amending Agreement, the formula for the distribution of gas tax funds is as follows: 90% of gas tax funding is allocated to all municipalities and Northern Affairs communities on a per capita basis; 9.5% to the Cities of Winnipeg and ▇▇▇▇▇▇▇ allocated on a per capita basis; 0.25% for the application-based Small Communities Transit Fund (SCTF); and 0.25% for provincial administrative costs.

Appears in 1 contract

Sources: Canada Manitoba Agreement on the Transfer of Federal Gas Tax and Public Transit Funds