Business, tax and trades
earmarking period
In short and in plain language
The earmarking period is how long a funded facility must be used for its purpose.
If not, the money may have to be paid back.
So owners want the site to last and to be looked after well.
Definition
The earmarking period is the time during which a funded facility must be used for the funded purpose. If it is used differently or given up during this period, the funding may be reclaimed in whole or in part. That is why durability and maintenance matter to the owner.