Accounting and Allocation of Bond Proceeds and Qualified Equity to Expenditures Sample Clauses

Accounting and Allocation of Bond Proceeds and Qualified Equity to Expenditures. The Corporation Bond Compliance Officer will account for the investment and expenditure of Bond proceeds in the level of detail required by the Tax Compliance Procedure. The Corporation Bond Compliance Officer will supplement the expected allocation of Bond proceeds and Qualified Equity to expenditures with a Final Written Allocation as required by the Tax Compliance Procedure. A sample form of Final Written Allocation is attached as Exhibit G.
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Accounting and Allocation of Bond Proceeds and Qualified Equity to Expenditures. Proceeds of the Bonds will be used as described in Sections 3.5 and 3.7. The Bond Compliance Officer will maintain accounting records showing the investment and expenditure of this money as part of the Tax- Exempt Bond File. The Bond Compliance Officer has prepared written substantiation records of the allocation of proceeds of the Original Obligations to the Financed Facility. This allocation is summarized on Exhibit D and is intended to constitute the Final Written Allocation for the Original Obligations.

Related to Accounting and Allocation of Bond Proceeds and Qualified Equity to Expenditures

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  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

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