Then the
equalization grant term accounting for expenditure needs looks like (1-a) x ([p.sub.1][G.sub.1]/[N.sub.1]-[p.sub.2][G.sub.2]/[N.sub.2]).
The difference between what the poorest provinces collected under this system and the wealthiest would then be made up by an
equalization grant (Cabinet Committee on the Federal-Provincial Conference 1955).
* Bill 19, Community Funding Act, introduced by Minister Fitch, creates a community funding and
equalization grant to replace the existing unconditional grant to municipalities, rural communities and local service districts.
In many ways, the finance commission's formula-based fiscal transfers are not part of an
equalization grant system, but rather part of general or unconditional funding, which might have
equalization grant features.
He said that NWFP is the most backward province and need to be supported through
equalization grant. Adding that equitable distribution of resources for all the federating units would lead to durable understanding amongst the people of all federating units.
In January, 2003, the NDP government feigned surprise when there was a reduction in the
equalization grant from Ottawa.
Consider Georgia, where the Tuition
Equalization Grant for students attending private institutions could be indexed to subsidies for students at state universities.
Georgia students attending private in-state universities receive a lump $3,000 scholarship, in addition to a $1,000 "Georgia Tuition
Equalization Grant" that has been on the books since 1973.
The PGF has five elements: a Minimum Standards Grant (S), a Spillover Grant (m), a Fiscal Capacity
Equalization Grant (T), an Institutional Grant (I), and a Basic Grant (B).