Fiscal Constraint definition

Fiscal Constraint for the STIP means that it includes sufficient financial information for demonstrating that projects in the STIP can be implemented using committed, available or reasonably available revenue sources, with reasonable assurance that the federally supported transportation system is being adequately operated and maintained. Fiscal constraint applies to each State fiscal year.
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Fiscal Constraint means when seventy-five (75) percent of annual program funds have been disbursed or encumbered.
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Fiscal Constraint means when the potential cumulative cost of equipment requested through the program for a budgeted portion of a fiscal year equals or exceeds 75% of program funds designated by the department to be available for purchasing equipment during the same period or when 75% of program funds for a fiscal year have been disbursed or encumbered projected expenditures may exceed appropriated funds for equipment distribution within a budgeted period.
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Examples of Fiscal Constraint in a sentence

  • One of the considerations will be a determination of Fiscal Constraint.

  • It is agreed that Professionalism and Safety are the primary considerations in their decision, and that Fiscal Constraint is an additional factor.

  • Ensure that Fiscal Constraint is maintained according to §V of this memorandum.


More Definitions of Fiscal Constraint

Fiscal Constraint means a program of projects that does not exceed reasonably expected revenues in any given fiscal year.
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Fiscal Constraint for transportation plans means that the total estimated costs of projects included in a plan cannot exceed estimated revenues and the estimated cost of construct- ing, operating, and maintaining the total (existing plus planned) transportation system over the period of the plan.
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Fiscal Constraint means when the potential cumulative cost of equipment requested
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Related to Fiscal Constraint

  • Limited Resource Constraint means, for the 2017/2018 Delivery Year and for FRR Capacity Plans the 2017/2018 and Delivery Years, for the PJM Region or each LDA for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for a Delivery Year, a limit on the total amount of Unforced Capacity that can be committed as Limited Demand Resources for the 2017/2018 Delivery Year in the PJM Region or in such LDA, calculated as the Limited Demand Resource Reliability Target for the PJM Region or such LDA, respectively, minus the Short Term Resource Procurement Target for the PJM Region or such LDA, respectively.

  • Vertical construction means the construction or remodeling of any building, structure or other improvement that is predominantly vertical, including, without limitation, a building, structure or improvement for the support, shelter and enclosure of persons, animals, chattels or movable property of any kind, and any improvement appurtenant thereto.

  • Pre-Construction Phase Services means the participation, documentation and execution of Contractor’s Pre-Construction Phase deliverables as required by this Agreement and further defined in Article 5.

  • Horizontal construction means the construction of any fixed work, including any irrigation, drainage, water supply, flood control, harbor, railroad, highway, tunnel, airport or airway, sewer, sewage disposal plant or water treatment facility and any ancillary vertical components thereof, bridge, inland waterway, pipeline for the transmission of petroleum or any other liquid or gaseous substance, pier, and work incidental thereto. The term does not include vertical construction, the construction of any terminal or other building of an airport or airway, or the construction of any other building.

  • Original construction means the first or initial construction