BUDGET AUTHORIZATION Clause Samples

The Budget Authorization clause establishes the requirement for formal approval of financial expenditures related to a project or contract. Typically, this clause specifies that no funds may be spent or committed without prior written consent from an authorized party, such as a client or project manager. For example, it may require that all budget increases or reallocations be documented and approved before implementation. Its core practical function is to ensure financial control and accountability, preventing unauthorized spending and helping manage project costs effectively.
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BUDGET AUTHORIZATION. (10/05) The Forest Service's performance under this instrument is contingent upon receiving Budget Authority. Once Budget Authority is obtained, Forest Service performance under the terms of the instrument may commence. Budget Authority is limited to the Fiscal Year (October 1 through September 30). Amounts authorized but not obligated or expended will expire on September 30 of the Fiscal Year in which the Budget Authority was obtained. No further obligations or charges may occur under the instrument until the Forest Service obtains Budget Authorization for subsequent Fiscal Years.
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BUDGET AUTHORIZATION. The Joint Board shall recommend a proposed Joint Recreation Program budget to the ▇▇▇▇▇▇ County Executive no later than August 1 of each year. The ▇▇▇▇▇▇ County Executive shall include a proposed budget for the Joint Recreation Program in his annual budget recommendation submittal to the County Council in mid October. This budget shall include the contributions exactly as agreed upon by the members of the Joint Board, propose a spending plan for the year, and include all revenue sources such as annual contributions, recreation fees, and unspent fund balances. The County Council shall review and approve a full budget for the Joint Recreation Program fund with the contributions from the members of the Joint Board, exactly as agreed upon by the Joint Board.
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BUDGET AUTHORIZATION. The Implementing Member shall prepare, or cause each On-Site Operator to prepare, an annual management plan and annual budget, on the time schedule provided in the applicable Management Agreement and in accordance with the terms of the applicable Management Agreement.
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BUDGET AUTHORIZATION. (a) The Managing Member has prepared (or has caused the Property Manager to prepare) and the Members have approved a budget for the operation of the Property (the "Operating Budget") for the balance of the fiscal year ending December 31, 2018 (the “Initial Operating Budget”). The Initial Operating Budget for the Company is set forth on Exhibit D hereto. The Managing Member shall prepare (or cause the Property Manager to prepare), at least sixty (60) days prior to the commencement of each fiscal year, a draft of the proposed Operating Budget for the Company for the subsequent fiscal year and at least forty-five (45) days prior to the commencement of each fiscal year, a detailed proposed Operating Budget for the Company for the subsequent fiscal year. The Members shall endeavor to agree upon the Operating Budget no later than thirty (30) days prior to the first day of the Fiscal Year covered by such Operating Budget. If the Members have not agreed upon the applicable Operating Budget prior to the commencement of a Fiscal Year, then, until the Operating Budget is approved by the Members, (i) the undisputed portions of the proposed Operating Budget shall be deemed to be adopted, and (ii) solely with respect to any disputed items in the proposed Operating Budget (the “Disputed Budget Items”), the corresponding items from the most recently approved Operating Budget shall continue as the Operating Budget with respect to the Disputed Budget Items (the “Carry Over Budget Items”), with the following exceptions: (x) for those Disputed Budget Items that are expenses of the Property that are not within the control of the Members (such as real property taxes and utilities), the Carry Over Budget Items shall be the actual amount required to pay such items, and (y) for each non-recurring or extraordinary maintenance items (such as major roof repairs, painting of a center, re-seal of a parking lot) or capital items, the amount shall be reset to $0 in the new budget for each Disputed Budget Item and (z) each other Disputed Budget Item shall be increased by the Consumer Price Index. (b) For purposes of this Section 8.6, the percentage increase in the Consumer Price Index, if any, shall be determined by comparing the last Consumer Price Index published before the end of the Fiscal Year to which the annual Operating Budget relates (i.e., the Fiscal Year preceding the Fiscal Year to be governed by the annual Operating Budget in question) and the last published Consumer Price In...
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BUDGET AUTHORIZATION. This Agreement is subject to the budget and fiscal provisions of the Charter of the City and County of San Francisco. Charges will accrue only after prior written authorization certified by the City Controller, and any amount of the System’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to the System at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. The System has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Actuary’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement.
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Related to BUDGET AUTHORIZATION

  • Prior Authorization A determination to authorize a Provider’s request, pursuant to services covered in the MississippiCAN Program, to provide a service or course of treatment of a specific duration and scope to a Member prior to the initiation or continuation of the service.

  • Power; Authorization Such Investor has all requisite power and authority to execute and deliver this Agreement. This Agreement, when executed and delivered by such Investor, will constitute a valid and legally binding obligation of such Investor, enforceable in accordance with its respective terms, except as: (a) limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally; and (b) limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

  • WORK AUTHORIZATIONS The State will issue work authorizations using the form included in Attachment D (Work Authorizations and Supplemental Work Authorizations) to authorize all work under this contract. The Engineer must sign and return a work authorization within seven (7) working days after receipt. Refusal to accept a work authorization may be grounds for termination of the contract. The State shall not be responsible for actions by the Engineer or any costs incurred by the Engineer relating to work not directly associated with or prior to the execution of a work authorization. Terms and conditions governing the use of work authorizations are set forth in Attachment A, General Provisions, Article 1.

  • Payment Authorization I authorize ▇▇▇▇▇ Management to collect payment of the application fee and application deposit in the amounts specified under paragraph 3 of the Disclosures.

  • Network Authorization For services that cannot be provided by a network provider, you can request a network authorization to seek services from a non-network provider. With an approved network authorization, the network benefit level will apply to the authorized covered healthcare service. If we approve a network authorization for you to receive services from a non- network provider, our reimbursement will be based on the lesser of our allowance, the non-network provider’s charge, or the benefit limit. For more information, please see the How Non-Network Providers Are Paid section.