Examples of Agency Fiscal Year in a sentence
Qualified Project Costs that Developer incurs will be eligible for reimbursement from Funding Sources in each Agency Fiscal Year until reimbursed.
In furtherance of this pledge, the Agency agrees to levy Project Special Taxes in each Agency Fiscal Year in accordance with the applicable RMA and this Financing Plan.
Developer agrees that as long as the Agency is discharging fully all of its duties under the DDA and the Tax Allocation Agreement to pledge, obtain, and use all Net Available Increment for Qualified Project Costs, the Agency will not be liable to Developer if the Board of Supervisors fails to Approve the Agency’s budget, or if Net Available Increment the Agency actually receives in any Agency Fiscal Year is not sufficient to pay all budgeted costs.
In addition, as a result of the refinance transaction, $15,659,764 of escrow defeasance that had been budgeted in FY14 in order to meet the debt service coverage covenant will not be needed.ACTION: Approve Resolution No. F2014-002 amending the Foothill/Eastern Transportation Corridor Agency Fiscal Year 2014 (FY14) Budget in the amount of $21,331,366.
After paying or setting aside amounts needed for debt service due on Tax Allocation Debt secured by or payable from Candlestick Net Available Increment during the Agency Fiscal Year, the Agency will use Candlestick Net Available Increment to reimburse Developer’s Qualified Candlestick Project Costs pursuant to this Financing Plan.
No later than December 10 of each year, Agency staff will meet and confer with Developer with respect to the projected amount of Net Available Increment for the next Agency Fiscal Year for each Major Phase.
If the Agency must make a Mandated Payment, Developer and the Agency agree that after the Agency has paid debt service on all outstanding Public Financing secured by and payable from Net Available Increment in the applicable Agency Fiscal Year, the Agency may satisfy a portion of the Mandated Payment from Candlestick Increment Available and Shipyard Increment Available, in each case not exceeding the amount of the applicable Mandated Payment Pro-Rata Portion.
After paying or setting aside amounts needed for debt service due on Tax Allocation Debt secured by or payable from Shipyard Net Available Increment during the Agency Fiscal Year, the Agency will use Shipyard Net Available Increment to reimburse Developer’s Qualified Shipyard Project Costs pursuant to this Financing Plan.
Attachment Ill SELPA:Attachment Ill-Projected Expenditures by Object Code by Local Educational Agency Fiscal Year: j2023-24For each LEA participating in the Local Plan, enter the projected special education expenditures by LEA and object code as allowed by the IDEA.
Based on such meetings and other relevant information available to the Agency, the Agency shall update such preliminary budget for Agency Costs for such Agency Fiscal Year, broken down by fiscal quarter and including the information set forth in clauses (i) through (iv) above (an “Annual Agency Budget”) and deliver the same to Developer.