Qualified expenditures means capital expenditures that qualify, or would qualify except that the taxpayer entered into an agreement under subsection 13 , for a rehabilitation credit under section 47 a 2 of the internal revenue code if the taxpayer is eligible for the credit under section 47 a 2 of the internal revenue code or, if the taxpayer is not eligible for the credit under section 47 a 2 of the internal revenue code, the qualified expenditures that would qualify under section 47 a 2 of the internal revenue code except that the expenditures are made to an historic resource that is not eligible for the credit under section 47 a 2 of the internal revenue code that were paid.
Qualified expenditures do not include capital expenditures for nonhistoric additions to an historic resource except an addition that is required by state or federal regulations that relate to historic preservation, safety, or accessibility.
Exploration Expenditures means the sum of:. Expenditures means the sum of a all cash expenses or expenditures of the Partnership for such period, b the amount of all payments of principal and interest on account of any indebtedness of the Partnership including payments of principal and interest on account of REIT Loans, or amounts due on such indebtedness during such period in the case of clauses a and b , excluding expenses or expenditures paid from previously established reserves or deducted in computing Net Financing Proceeds or Net Sales Proceeds , and c such additional cash reserves as of the last day of such period as the General Partner deems necessary for any capital or operating expenditure permitted hereunder.
Management Expenses means expenses incurred in the administration of an insurer which are not commission payable and, in the case of general insurance business, are not incurred in claims paid, claims outstanding, expenses for settling claims and expenses for settling claims outstanding;. Hoglund Peter K. Hoglund Treasurer. Expansion Capital Expenditures shall include interest and related fees on debt incurred to finance the construction of a Capital Improvement and paid in respect of the period beginning on the date that a Group Member enters into a binding obligation to commence construction of a Capital Improvement and ending on the earlier to occur of the date that such Capital Improvement Commences Commercial Service and the date that such Capital Improvement is abandoned or disposed of.
Debt incurred to fund such construction period interest payments or to fund distributions on equity issued including incremental Incentive Distributions related thereto to fund the construction of a Capital Improvement as described in clause a iv of the definition of Operating Surplus shall also be deemed to be debt incurred to finance the construction of a Capital Improvement.
Where capital expenditures are made in part for Expansion Capital Expenditures and in part for other purposes, the General Partner shall determine the allocation between the amounts paid for each. Capital Expenditures for any period, with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries for the acquisition or leasing pursuant to a capital lease of fixed or capital assets or additions to equipment including replacements, capitalized repairs and improvements during such period that should be capitalized under GAAP on a consolidated balance sheet of such Person and its Subsidiaries.
Hide this message. Home Government Government efficiency, transparency and accountability Government spending How to understand public sector spending.
HM Treasury. Contents 1. An overview 2. Total government spending 3. Annually managed expenditure AME 5. Resource and capital spending 6. The role of the Treasury in controlling public spending 7. Protected budgets Print this page. An overview Public sector spending, also referred to as government spending or public expenditure, refers to the money that the government spends.
This is split up in to: departmental budgets — the amount that government departments have been allocated to spend; this is known as Departmental Expenditure Limits, or DEL.
The government controls DEL by deciding how much each department gets. Annually managed expenditure AME Annually managed expenditure, or AME, is more difficult to explain or control as it is spent on programmes which are demand-led — such as welfare, tax credits or public sector pensions. The role of the Treasury in controlling public spending HM Treasury has a constitutional role in controlling public expenditure.
Protected budgets The government has made a commitment to protect spending on the NHS, schools and overseas aid. Contents Print this page. Since the financial crisis, DEL has been cut by more than AME which has continued to increase in real terms , and so the proportion of total spending that is DEL has declined. Figure 1. Note: DEL and AME are adjusted to offset the effects of council tax benefit localisation, the business rates retention policy and the reclassification of Network Rail.
A department cannot transfer funds from its capital budget to its resource budget, although it can transfer money in the other direction. This separation of DELs into capital and resource components was designed to encourage departments to undertake the public investment they were budgeted to do.
Figure 2 shows the composition of each department's total DEL for — It illustrates the vast differences in capital intensity across departments. Figure 2. Note: Resource spending excludes depreciation. The distinction in DELs between capital and non-capital spending was intended to protect capital spending from departments' tendency to underinvest.
However, this separation did not stop capital spending being cut sharply between —11 and — Each government department's resource and capital DEL budgets are set several years in advance in a Spending Review. Table 1 lists all past UK Spending Reviews along with the dates for which departmental limits were set. Originally, there was a year of overlap between consecutive Spending Reviews — for example, the Spending Review of July revised plans already made for the —04 tax year.
This has not, however, been the case for the three most recent reviews. The next Spending Review will be published in November
0コメント