Page 80

COMBINED MANUAL

ISSUE DATE 11/2019

GLOSSARY: RELATIVE...

0002.57

Retrospective Budgeting), 0022.06.03 (When Not to Budget Income in Retro. Cases). Also see PROSPECTIVE BUDGETING in 0002.51 (Glossary: Professional...).

RETROSPECTIVE CYCLE Looking back on conditions in a past month and applying the information in the present month. For example, budget income received in January for March. Budget income received in February for April.

RETROSPECTIVE ELIGIBILITY Eligibility based on RETROSPECTIVE BUDGETING.

REVENUE RECAPTURE ACT A method of recovering OVERPAYMENTs by intercepting Minnesota income tax or property tax refunds from former participants. See 0025.21.09 (Revenue Recapture Act).

ROOMER A person who is not a UNIT member who lives with the unit and pays the unit for lodging but does not eat with the unit or pay the unit for food.

ROYALTIES A share paid to an author or composer out of the proceeds resulting from the sale or performance of the work. A share paid to an inventor or proprietor for the right to use the invention or services. Compensation paid to the owner for the use of property, usually copyrighted material or natural resources such as mines, oil wells, or timber tracts. A royalty may be expressed as a percentage of receipts from using the property or as an amount per unit produced.

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Page 80

Official source

COMBINED MANUAL

ISSUE DATE 11/2019

GLOSSARY: RELATIVE...

0002.57

Retrospective Budgeting), 0022.06.03 (When Not to Budget Income in Retro. Cases). Also see PROSPECTIVE BUDGETING in 0002.51 (Glossary: Professional...).

RETROSPECTIVE CYCLE Looking back on conditions in a past month and applying the information in the present month. For example, budget income received in January for March. Budget income received in February for April.

RETROSPECTIVE ELIGIBILITY Eligibility based on RETROSPECTIVE BUDGETING.

REVENUE RECAPTURE ACT A method of recovering OVERPAYMENTs by intercepting Minnesota income tax or property tax refunds from former participants. See 0025.21.09 (Revenue Recapture Act).

ROOMER A person who is not a UNIT member who lives with the unit and pays the unit for lodging but does not eat with the unit or pay the unit for food.

ROYALTIES A share paid to an author or composer out of the proceeds resulting from the sale or performance of the work. A share paid to an inventor or proprietor for the right to use the invention or services. Compensation paid to the owner for the use of property, usually copyrighted material or natural resources such as mines, oil wells, or timber tracts. A royalty may be expressed as a percentage of receipts from using the property or as an amount per unit produced.