Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Trust fund


Related Topics

In the News (Fri 25 Dec 09)

  
  TRUST FUND LAWS AND AGREEMENTS
That the debtor was a fiduciary of that trust;
A trust fund creditor-beneficiary may be able to collect funds directly from an owner or a general contractor, may be able to force a debtor in bankruptcy to release funds, may be able to assert personal liability on officers or directors under a trust fund law, and may have defenses against future preference litigation.
The Oklahoma Trust Fund Statute states that any and all funds received by a contractor or subcontractor pursuant to a building or remodeling contract are to be held in trust for the benefit of all persons holding a lienable claim on the improved property.
www.fullertonlaw.com /Trustfundchap.htm   (10987 words)

  
 Trust Fund FAQs
The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) Trust Funds.
The Board reports annually to the Congress on the financial and actuarial status of the trust funds.
By law, all income to the trust funds that is not immediately needed to pay expenses is invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government.
www.ssa.gov /OACT/ProgData/fundFAQ.html   (1076 words)

  
 Medicare Trust Fund Depletion
As I described earlier, the performance of the Trust Fund in fiscal year 1995 is just one of the factors upon which the HCFA actuaries base their projection of the Fund's performance over the longer term.
Information on the HI Trust Fund income and outlays together with the Fundþs invested assets at the end of fiscal year 1995 was reported in the "Final Monthly Treasury Statement of Receipts and Outlays of the United States Government".
It is importent to note that the performance of the Trust Fund in fiscal year 1995 is just one of many factors upon which the HCFA actuaries; base their projection of the Fundþs performance over the longer term, and its projected depletion date.
www.hhs.gov /asl/testify/t960229a.html   (3250 words)

  
 Grandfather Trust Fund & Deficit Report - by MWHodges
The practice of siphoning-off trust fund surpluses to spend on non-trust stuff is a way of camouflaging general government deficit spending, making it appear to be in surplus when it's really in deficit - - - or making it appear that a huge deficit is just a modest deficit.
Trust in Government and the future of Social Security cannot be advanced by such actions.
Last year the government claimed a budget surplus, but they counted trust fund surpluses as if it were their own - - while in fact the general government ran a deficit, not a surplus.
home.att.net /~mwhodges/deficit-trusts.htm   (3730 words)

  
 Trust law - Wikipedia, the free encyclopedia
A resulting trust is the form of implied trust which occurs where a trust fails, wholly or in part, as a result of which the settlor becomes entitled to the assets.
A unit trust is a trust where the beneficiaries (called unitholders) each possess a certain share (called units) and can direct the trustee to pay money to them out of the trust property according to the number of units they possess.
Where discretionary trusts are concerned, the test for certainty is whether it can be said with certainty if any given individual is or is not a member of the class and the trust does not fail simply because it is not possible to ascertain every member of a class (McPhail v Doulton).
en.wikipedia.org /wiki/Trust_fund   (7527 words)

  
 NATO Partnership for Peace Trust Fund   (Site not responding. Last check: 2007-10-21)
The NATO Partnership for Peace (PfP) Trust Fund Policy was established in September 2000 as a mechanism to assist NATO Partner Nations in the safe destruction of stockpiled anti-personnel landmines under the Ottawa Convention.
While the Trust Fund policy was initially aimed at assisting Partners to meet their obligations under the Ottawa Convention, over the time the scope of the policy has been extended to include a number of other areas of defence reform.
The Trust Fund policy is a mechanism by which NATO Member and Partner Nations work together to identify and implement projects.
www.nato.int /pfp/trust-fund.htm   (731 words)

  
 [No title]   (Site not responding. Last check: 2007-10-21)
All other expenses incurred by the Trustee in connection with the administration of the Trust Fund, including fees for legal services rendered to the Trustee, the compensation of the Trustee (to the extent not paid directly by Grantor), and all other proper charges and disbursements to the Trustee shall be paid from the Trust Fund.
Subject to the right of the parties to amend this Agreement as provided in Section 15, this Trust Fund shall be irrevocable and shall continue until terminated at the written agreement of the Grantor, the Trustee, and the Director, or by the Trustee and the Director, if the Grantor ceases to exist.
Upon termination of the Trust Fund, all remaining trust property, less final trust administration expenses, shall be paid to the Grantor, or if the Grantor ceases to exist, to the Director.
www.deq.state.mi.us /documents/deq-wmd-hwp-trust4587-7.doc   (1471 words)

  
 Cooperation Special Unit for SSC : Trust Funds
Within UNDP, the South-South Trust Fund is one of the mechanisms set up to support the UN’s pivotal role in rebuilding the lives of those who survived the Tsunami and are now homeless and/or deprived of their livelihoods and basic public services.
The Perez-Guerrero Trust Fund for Economic and Technical Cooperation among Developing Countries was established in 1983 to provide seed monies for research and implementation of TCDC/ECDC projects among countries of the G77.
Administered jointly by the UNDP and the G77, the Fund was established by the United Nations in accordance with General Assembly resolution 38/201.
tcdc.undp.org /trustfund.asp   (329 words)

  
 Colorado Conservation Trust Fund
The Colorado State Constitution, as amended in 1992, states that the net proceeds of the Colorado Lottery are to be used for state and local parks, recreation facilities, open space, environmental education, and wildlife habitat.
The Conservation Trust Fund (CTF) is one of three funds established to accomplish these goals.
Funding can be used for the acquisition, development, and maintenance of new conservation sites or for capital improvements or maintenance for recreational purposes on any public site.
www.dola.state.co.us /LGS/FA/ctf.htm   (173 words)

  
 Bluegrass Trust Fund | International Bluegrass Music Association | IBMA.Org
Contact Us The Bluegrass Trust Fund (the "Trust") was established in 1987 as a means to offer financial assistance to bluegrass music professionals in time of emergency need.
Financial grants and loans are available from the Trust to individuals anywhere in the world who are involved as a professional in bluegrass music (or were actively involved at some point in their career).
Over 98% of funds donated and interest earned is used for actual grants and loans with only a small amount needed to cover expenses to administer the Trust.
www.ibma.org /about.ibma/trust.fund.asp   (398 words)

  
 Legg Mason Funds : Opportunity Trust
This Fund can invest in debt securities, which can be subject to interest rate, credit, and inflation risk.
As a “non diversified” fund, an investment in the Fund will entail greater price risk than an investment in a diversified fund because a higher percentage of investments among fewer issuers may result in greater fluctuation in the total market value of the Fund’s portfolio.
The investment return and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.
www.leggmason.com /funds/ourfunds/factsheets/opp_trust.asp   (810 words)

  
 Misleading the Public: How the Social Security Trust Fund Really Works
Instead, the trust fund balance is the result of two accounting entries by the Treasury.
Therefore, the trust fund received $138 billion in these special-issue Treasury bonds, resulting in a trust fund balance of $1.36 trillion at the end of 2003.
These [trust fund] balances are available to finance future benefit payments and other trust fund expenditures--but only in a bookkeeping sense.
www.heritage.org /Research/SocialSecurity/em940.cfm   (1058 words)

  
 California Investment Trust Fund Group
Download our application and be sure to complete the section marked for "Corporations, Trusts or Partnerships." It is very important that you provide all of the information requested on the application, as we cannot open an account without it.
To purchase additional shares in a fund, simply make your check payable to the name of the Fund in which you are investing, write your account number on the check, and mail your check with your confirmation stub to the address printed on your account statement.
Dividends for the Equity Funds are typically paid on a quarterly basis and dividends for Bond Funds are typically paid on a monthly basis.
www.caltrust.com /faqs   (2457 words)

  
 Trust Funds - Inter-American Development Bank   (Site not responding. Last check: 2007-10-21)
Trust funds are critical to the effectiveness of IDB programs for sustainable and equitable development in the Latin America and Caribbean(LAC) region.
The Bank holds funds in trust from 18 non-borrowing member countries for various purposes: consultant trust funds to take advantage of international technical expertise, programmatic trust funds to hone skills or methodology in a particular program area, and partnerships between the Bank and development institutions to deliver development assistance jointly.
During 2000-2004, trust funds contributed approximately US$145 million in grant financing for technical cooperation with LAC countries.
condc05.iadb.org /IADBTRUSTFUNDS/Funds/default.aspx   (455 words)

  
 Grandfather Trust Fund Report-articles - by MWHodges
Answer: by siphoning-off and spending trust fund surpluses which don't belong to the general government, just as if spent retirement savings account on his own consumption while claiming he, himself, is running a surplus and saving her retirement account.
Answer: siphoning trust fund surpluses, which don't belong to the general government - - just as if your elderly mother's lawyer siphoned-off her retirement savings account to pay down his own credit card debt to others, while bragging that he is paying down his debt.
Of that $1,616 billion ($1.6 Trillion) in total social security trust fund surpluses to-date, $1.4 trillion (88% of the total) was siphoned-out of that trust fund in the past 14 years.
mwhodges.home.att.net /cur-year-deficit-trusts.htm   (5816 words)

  
 Highway Trust Fund
In the original Highway Revenue Act of 1956, the crediting of user taxes to the HTF was set to expire at the end of fiscal year 1972, but since then, legislation has been passed to extend the imposition of the taxes and their transfer to the HTF through September 30, 2005.
Like other federal trust funds, the HTF is a financing mechanism established by law to account for tax receipts that are collected by the federal government and are dedicated or "earmarked" for expenditure on special purposes.
The General Fund receives 2.5 cents per gallon of the tax on gasohol and some other alcohol fuels plus an additional 0.6 cent per gallon for fuels that are at least 10 percent ethanol.
www.nemw.org /HWtrustfund.htm   (893 words)

  
 Social Security Trust Fund - Wikipedia, the free encyclopedia
The Social Security Trust Fund is the United States federal government's means of accounting for workers' and employers' paid-in contributions to the Social Security system and benefits paid out to retired or disabled workers or their survivors, as well as administrative expenses.
From the point of view of the Social Security trust funds, the holdings of "special" government bonds are an investment that returned 5.5% to the trust funds in 2005.
Similarly, people who believe the trust fund is fake think that government spending is higher and/or income tax rates are lower than they would be if the trust fund didn't exist, and therefore the trust fund is not saving money.
en.wikipedia.org /wiki/Social_Security_Trust_Fund   (1361 words)

  
 The Social Security Trust Fund Fraud
These funds are not set up to be pension funds, like the funds of private pension plans.
The Comptroller General of the United States recently testified to this effect: "[An] increase in assets to the SSTF [Social Security Trust Fund] is an equal increase in claims on the Treasury.
Indeed, the best possible interpretation of the Trust Fund is that the IOUs are a measure of how much in taxes will have to be raised in the future.
www.heritage.org /Research/SocialSecurity/BG1256es.cfm   (922 words)

  
 A Stitch in Haste
Therefore, for the "trust fund" to be a fraud requires that the government default on its securities, which simply does not happen.
So the net result of the "trust fund" is to force the government to raise taxes or raise the national debt anyway.
The trust fund is a fraud -- it represents nothing more than a promise by the federal government to raise taxes, public debt or both in the future.
kipesquire.powerblogs.com /posts/chain_1109622480.shtml   (1852 words)

  
 Trust Fund Data
The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund.
The OASI Trust Fund began in 1937; the DI Trust Fund in 1957.
These trust funds are managed by the Department of the Treasury.
www.ssa.gov /OACT/ProgData/funds.html   (121 words)

  
 Trust-Fund   (Site not responding. Last check: 2007-10-21)
The Teacher Compensation Trust is responsible for receiving, managing and distributing funds raised by the ProComp mill levy.
The Trust also is responsible for monitoring how Denver Public Schools spends the monies derived from the Trust and ensuring that they are spent only for ProComp related expenses and spent in a manner consistent with the ProComp Agreement.
A full description of the responsibilities and requirements of the Trust can be found in the Teacher Compensation Trust Agreement that was ratified by the Board of Education and the DCTA Executive Board.
denverprocomp.org /Trust-Fund   (320 words)

  
 Trust Fund Facility
In order to meet the funding requirements of the UNDG and World Bank reconstruction and development assistance to Iraq, the UNDG and the World Bank designed, at the request of donors attending the Iraq Donors Meeting held in New York on 24 June 2003, the International Reconstruction Fund Facility for Iraq, (the Facility).
The UNDG Iraq Trust Fund will place emphasis on all of the sectors in which the UN has carried out needs assessments and will focus on funding quick-impact projects and transition activities, which need to be implemented in a rapid and flexible way.
The WB Iraq Trust Fund and the UNDG Iraq Trust Fund will work in close partnership with the Iraqi national authorities in order to ensure that gaps are filled and overlaps avoided and that there is consistency and coherence between Facility-financed activities and the overall Iraqi priorities and budget.
www.uniraq.org /donors/irffi.asp   (1015 words)

  
 Ohio Housing Trust Fund
The Ohio Housing Trust Fund is a flexible state funding source that provides affordable housing opportunities, expands housing services, and improves housing conditions for low-income Ohioans.
The Ohio Housing Trust Fund provides funding for a wide range of housing activities including housing development, emergency home repair, handicapped accessibility modifications, and services related to housing and homelessness.
A broad range of organizations are eligible to apply for money from the Ohio Housing Trust Fund including local governments, housing authorities, nonprofit organizations, private developers and private lenders.
www.odod.state.oh.us /cdd/htf   (120 words)

  
 California Investment Trust Fund Group
Other fees and expenses do apply to a continued investment in the Funds and are described in each fund's current prospectus.
RFS Partners, the general partner to CCM Partners, is the distributor of the California Investment Trust Fund Group.
Easily invest in a no-load mutual fund which attempts to replicate the performance of the Nasdaq-100 Index.
www.caltrust.com   (342 words)

  
 BBC NEWS | Business | Q&A: Child Trust Fund
The money will not be available to the child until they are 18, by which time it is hoped the Child Trust Fund (CTF) will have grown into a tidy sum - perhaps enough to make a decent contribution towards university tuition fees, occupational training or a deposit on a home.
And if parents paid their weekly child benefit into the fund, the fund would have grown to a substantial £27,000 after 18 years, presuming (an optimistic) 7% annual growth.
This is where a gift from a parent gives rise to income of more than £100 in a year and the parent is then taxed on all that income at their own tax rate.
news.bbc.co.uk /1/hi/business/2936101.stm   (632 words)

  
 Don't Trust Asbestos Fund - July 11, 2006 - The New York Sun
The bill would create a $140 billion Asbestos Trust Fund that would be funded by insurance companies and manufacturers and would be administered by the government.
The government mandates contributions from companies that may or may not have future liability, to pay for claims that may or may not be against them.
In government benefit programs, costs tend to be far higher than anticipated, making any stated funding level only a floor for future increases.The absence of effective cost controls would inevitably lead to either tax increases or the failure of the fund.
www.nysun.com /article/35769   (520 words)

  
 Trust Fund
o assist in insuring the long term future of The Museum of Automobiles, the Board of Directors established a fund in 1997, known as The Museum Trust Fund.
he Trust Fund shall be for the purpose of receiving donations designated for it, to be set aside from the Museum general revenue, and separately invested.
The mailing address is 8 Jones Lane, Morrilton, AR For more information about the Museum and the Trust Fund, write to the Museum, call 501-727-5427 or you can email us at
www.museumofautos.com /trust_fund.htm   (170 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.