But because state officials had not approved the school's proposal or disbursed the federal money, a summer program to help eighth grade students transition to high school had to be canceled, Ms. Pratt said.
These decisions depend on the momentary utility of a stimulus, that is, the reward that would accrue if that stimulus were to be consumed or disbursed all at once, whether immediately or (as in inter-temporal choice) after a delay (Kable and Glimcher, 2007).
In essence it means being able to create independent escrow accounts for each crowd-backed project, collect funds from those many investors, and either safely return funds if the project doesn't work out, or disburse those funds when the project, whatever it is, reaches its funding goal.
The flood of aid has slowed to a trickle; much of what was promised was never delivered or remains undisbursed, or was disbursed but not actually spent, or was spent on things like emergency food, water and tents, which are important but don't leave a lasting imprint.
This year, 3,209 licenses for deer, elk, moose or pronghorn were disbursed by ranchers — about 2 percent of the 142,000 licenses available for all game.
That is not to say that Mr. Saakashvili's troubles are over; the $1 billion pledged by Washington in the aftermath of the war has been disbursed or earmarked, and the unemployment rate has climbed to 17percentt.
And that threat is very real: to date, only about half of the G8/G20's $22 billion in pledges have been disbursed or are on track to be disbursed.
Mr. Qaradawi was denied a British visa in 2008 for allegedly seeking to "justify acts of terrorist violence or disburse views that could foster intercommunity violence," Britain's Home Office said at the time.
Assistance funds have been disbursed late or not at all.
Many groups had the impression that none of the $226 million, state or federal, would be disbursed.
Funds from the program, formally the Term Asset-Backed Securities Lorn FaciliTALFor TALF, will be disbursed beginning on March 25.
