Examples of Bond Proceeds in a sentence
The City does not expect that the Bond proceeds will be used in a manner that would cause any Bond to be an “arbitrage bond” within the meaning of Code § 148; and to the best of the City’s knowledge and belief, there are no other facts, estimates or circumstances that would materially change such expectations.
No portion of the Bond proceeds will be used to reimburse an expenditure paid by the City more than 60 days prior to the date the resolution was adopted.
On the basis of the facts, estimates and circumstances set forth in this Tax Agreement, the City does not expect that the Bond proceeds will be used in a manner that would cause any Bond to be an “arbitrage bond” within the meaning of Code § 148 and the Regulations.
Any interest earnings or investment gains realized from the investment of Bond proceeds on deposit in the Project Fund may be reinvested pending disbursement in obligations that bear a yield in excess of the Yield of the Bonds.
No Bond proceeds will be loaned directly or indirectly to any Non-Qualified User.