Examples of Bond Debt Service in a sentence
The appropriations made in this and other Articles of this Act to the Texas Public Finance Authority for General Obligation Bond Debt Service are subject to the following provision.
Remaining amounts are paid into the Reserve Maintenance Fund equal to the amount required for the following month defined in the Commission’s annual capital budget, into the Senior Revenue Bond Debt Service Reserve Fund to restore a deficiency, if any, within 18 months, with the remaining surplus deposited into the General Reserve Fund.
After meeting this requirement the Subordinate Indenture requires an amount equal to one‐sixth of the next interest payment and one‐twelfth of the next principal payment be paid into the Subordinate Special Revenue Bond Debt Service Fund.
Bond Debt Service Payments is directly administered through the bond management function.
Bond Debt Service PaymentsStrategy A.2.2.• Make general obligation bond debt service payments on time.