Common use of Revenue Bonds to Finance Capital Costs Incurred Prior to the Billing Transition Date Clause in Contracts

Revenue Bonds to Finance Capital Costs Incurred Prior to the Billing Transition Date. The provisions of this subdivision (a) shall apply to the Financing Costs of Revenue Bonds issued to finance Water System Facility Capital Costs Incurred prior to the Billing Transition Date. Charges to all Contractors for such Financing Costs shall return to the State each year an amount equal to the Financing Costs the State incurs in that year for such Water System Facility Revenue Bonds.