Agency Fund

Agency Fund

Any funds that a government or government unit holds on behalf of another. For example, if the State of Oklahoma holds money for the State of Texas, or the City of Tulsa for Tulsa Public Schools, these monies are called agency funds.
References in periodicals archive ?
Cafod (Catholic Agency Fund for Overseas Development) has already pledged pounds 100,000 to its local partner Caritas Lebanon, in Lebanon, and pounds 25,000 to its partner Caritas Jerusalem in the Gaza Strip and the West Bank.
What are pass-through grants for agency fund reporting?
The prosecution suspects Lee received hundreds of millions of won (hundreds of thousands of dollars) in agency funds from Won in early 2011 amid mounting criticism over his incompetence, after NIS officials, who attempted to secretly obtain confidential data from an Indonesian presidential delegation, had their cover blown.
However, other issues were listed in the petition - the most troubling being the misuse of public Urban Renewal Agency funds.
The agency funds diagnoses of selected companies and if necessary finances up to 80% of the cost of training.

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