Smith-Lever Act Of 1914

Business / Agriculture / Smith-Lever Act Of 1914: P.L. 63-95 (May 8, 1914) authorized and provided initial funding for states to establish an educational outreach arm to 'extend' the results of research programs at the land grant colleges of agriculture and their affiliated state agricultural experiment stations to all citizens who might benefit from them. In 1962 Congress amended the act to establish a formula for distributing federal funds to states for agricultural extension programs. The formula provides for each state to receive what it received in 1962 as a base. Funds appropriated in excess of the 1962 level are allocated as follows: 4% of funds go to the federal component of the Cooperative Extension System (now part of the Cooperative State Research, Education, and Extension Service): of the remainder, 20% is allocated to each state equally: and 80% is allocated on the basis of a state’s share of the U.S. rural and farm populations. On average, Smith-Lever formula funds account for about 30% of a state’s total funding for extension programs.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Out-Of-The-Money Option

Business / Finance / Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than the market MORE

Outside Of You

Business / Finance / Outside Of You: Used for listed equity securities. Another order bidding for or offering stock at the same price that the trader has put on the floor himself, represented by another broker in the trading crowd. These MORE

Out-Of-The-Money

Business / Taxes / Out-Of-The-Money: An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price. Call options — which you buy when you think the price is going up MORE

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