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20% Cushion Rule
(redirected from 20% Rule)

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20% cushion rule
Guideline that revenues from facilities financed by municipal bonds should exceed the operating budget plus maintenance costs and debt service by at least 20% to allow for unforeseen expenses.
20% Cushion Rule
A rule of thumb for municipal bonds. Under the rule, the revenue a municipal bond raises should exceed the proposed budget of the project the bond intends to fund by at least 20%. This allows the bond to account for unforeseen expenses. Following a cushion rule is especially important because municipal bonds are ultimately financed by taxpayer money.
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So, even though you should keep the 20% rule firmly in mind as your are crunching your numbers, don''t overlook all the other monthly expenses associated with the car you are considering.
How Much Car Should You Try to Afford? by Jeff Foster / Automotive community
Apart from the change in the salary test and the elimination of the 20% rule, the rules for computer employees are not substantially changed.
A guide to the new overtime rules by Abegg, Heidi K. / Doors and Hardware
 
 
 
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