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AGENDA REQUEST BUSINESS OF THE CITY COUNCIL CITY OF PEARLAND, TEXAS AGENDA OF: May 11, 2015ITEM NO.: Resolution No. R201575DATE SUBMITTED: April 25, 2015DEPT. OF ORIGIN: Eng. & Cap. ProjectsPREPARED
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AMP Cap is the Aggregate Monetary Penalties Cap, which limits the total amount of civil money penalties that can be assessed against a company in a fiscal year.
Companies that are subject to civil money penalties and exceed the threshold for the year are required to file AMP Cap.
AMP Cap is typically filled out using a specific form provided by the regulatory agency overseeing the penalties. It requires detailed information about the company's financials and penalty assessments.
The purpose of AMP Cap is to prevent excessive financial burden on companies by limiting the total amount of civil money penalties that can be imposed.
AMP Cap requires reporting on the company's financials, penalty assessments, and any other relevant information related to civil money penalties.
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