Washington Expense Limitation Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9176
• Format: Word; Rich Text

Description

Expense Limitation Agreement between Garnder Lewis Investment Trust and Garnder Lewis Aset Management, Inc. dated February 28, 1999. 4 pages The Washington Expense Limitation Agreement, also known as the Washington ELA, is a financial agreement that pertains to the limitation of expenses within the state of Washington. It aims to regulate and control the spending of funds by various entities, such as government agencies, departments, and public officials, to ensure fiscal responsibility and accountability. Under the Washington Expense Limitation Agreement, authorized institutions and organizations are required to adhere to certain expenditure limits, which are designed to prevent excessive or wasteful spending of taxpayer's money. This agreement plays a crucial role in maintaining and managing the state's budget, preventing budget deficits, and promoting prudent financial management. There are various types of the Washington Expense Limitation Agreement, each catering to specific entities and sectors. Some of these types include: 1. State Agency Expense Limitation Agreement: This agreement applies to different state agencies, including executive branch agencies, departments, and various programs in Washington. It outlines specific budget thresholds and restrictions on expenditures, ensuring that resources are allocated efficiently and in accordance with state policies. 2. Municipal Expense Limitation Agreement: This agreement is applicable to cities, towns, and other municipalities within Washington. It lays out guidelines and restrictions on local government spending, with the aim of maintaining balanced budgets while providing essential services to residents. 3. School District Expense Limitation Agreement: This type of agreement applies to school districts across the state. It determines spending limits for educational institutions, including public schools, colleges, and universities, to control expenditures while ensuring high-quality education for students. 4. Public Official Expense Limitation Agreement: This agreement pertains to elected or appointed public officials, such as mayors, state representatives, and commissioners. It sets expenditure boundaries for these individuals, preventing misuse of public funds and promoting transparency in their financial activities. 5. Nonprofit Organization Expense Limitation Agreement: This agreement focuses on nonprofit organizations operating within Washington. It establishes expenditure caps for these entities, ensuring that funds are allocated for their intended charitable purposes and not for excessive administrative costs. In conclusion, the Washington Expense Limitation Agreement is a vital financial framework aimed at managing and controlling expenses across various sectors of the state. Its different types cater to specific entities, ensuring responsible and efficient use of public funds. By adhering to the agreement, Washington strives to maintain fiscal discipline and prioritize the needs and welfare of its residents.

The Washington Expense Limitation Agreement, also known as the Washington ELA, is a financial agreement that pertains to the limitation of expenses within the state of Washington. It aims to regulate and control the spending of funds by various entities, such as government agencies, departments, and public officials, to ensure fiscal responsibility and accountability. Under the Washington Expense Limitation Agreement, authorized institutions and organizations are required to adhere to certain expenditure limits, which are designed to prevent excessive or wasteful spending of taxpayer's money. This agreement plays a crucial role in maintaining and managing the state's budget, preventing budget deficits, and promoting prudent financial management. There are various types of the Washington Expense Limitation Agreement, each catering to specific entities and sectors. Some of these types include: 1. State Agency Expense Limitation Agreement: This agreement applies to different state agencies, including executive branch agencies, departments, and various programs in Washington. It outlines specific budget thresholds and restrictions on expenditures, ensuring that resources are allocated efficiently and in accordance with state policies. 2. Municipal Expense Limitation Agreement: This agreement is applicable to cities, towns, and other municipalities within Washington. It lays out guidelines and restrictions on local government spending, with the aim of maintaining balanced budgets while providing essential services to residents. 3. School District Expense Limitation Agreement: This type of agreement applies to school districts across the state. It determines spending limits for educational institutions, including public schools, colleges, and universities, to control expenditures while ensuring high-quality education for students. 4. Public Official Expense Limitation Agreement: This agreement pertains to elected or appointed public officials, such as mayors, state representatives, and commissioners. It sets expenditure boundaries for these individuals, preventing misuse of public funds and promoting transparency in their financial activities. 5. Nonprofit Organization Expense Limitation Agreement: This agreement focuses on nonprofit organizations operating within Washington. It establishes expenditure caps for these entities, ensuring that funds are allocated for their intended charitable purposes and not for excessive administrative costs. In conclusion, the Washington Expense Limitation Agreement is a vital financial framework aimed at managing and controlling expenses across various sectors of the state. Its different types cater to specific entities, ensuring responsible and efficient use of public funds. By adhering to the agreement, Washington strives to maintain fiscal discipline and prioritize the needs and welfare of its residents.