Bifurcation Election definition

Bifurcation Election with respect to each Local School Bond, shall mean the election made by the Locality to treat a portion of the VPSA Bonds allocable to the portion of its Local School Bond used for construction as a separate issue pursuant to Section 148(f)(4)(C)(v) of the Code for purposes of qualification for the Two-Year Exception.
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Related to Bifurcation Election

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Extension Election has the meaning set forth in Section 2.16(c).

  • LCA Election has the meaning specified in Section 1.09(a).

  • Special election means an election held as authorized by Section 20A-1-203.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Early Opt-in Election means the occurrence of: