Applicable Spending Exceptions. (1) The City expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City.
Applicable Spending Exceptions. (1) The two-year spending exception is unavailable for the Bonds because the Financed Facilities will not be owned by the City.
Applicable Spending Exceptions. (1) The City expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City. The City expects to earn approximately $ in Investment earnings on Certificate proceeds in the Series 2018 Account of the Project Fund.
Applicable Spending Exceptions. The following optional rebate spending exceptions can apply to the Bonds: 6-month spending exception (Code § 148(f)(4)(B) and Regulations § 1.148-7(c)).
Applicable Spending Exceptions. The following optional rebate spending exceptions can apply to the Bonds:
Applicable Spending Exceptions. The following optional rebate spending exceptions can apply to the Certificates:
Applicable Spending Exceptions. (1) The Issuer expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the Issuer. The Issuer expects to earn approximately $ in Investment earnings on proceeds of the New Money Portion in the Project Fund.
Applicable Spending Exceptions. The 6-month optional rebate spending exceptions (Section 148(f)(2)(B) of the Code and Section 1.148-7(c) of the Regulations) can apply to the Note.
Applicable Spending Exceptions. (1) The Corporation and (based solely on the expectations of the Corporation) the County expect that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the Corporation.
Applicable Spending Exceptions. (1) The Institution and (based solely on the expectations of the Institution) the Issuer expect that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the Institution.
