Bond Year definition
Examples of Bond Year in a sentence
The Lessee shall annually levy a tax on all taxable property in the District in accordance with IC 36-7-14-27 in an amount sufficient to be distributed in the subsequent calendar year which will be available on the dates on which lease rentals are due in the subsequent Bond Year, to produce the necessary funds with which to pay the rentals provided for in this Lease on their due dates.
The Debt Service Fund is used primarily to achieve a proper matching of revenues with principal and interest payments on the Bonds within each Bond Year, and the Issuer expects that the Debt Service Fund will qualify as a Bona Fide Debt Service Fund.
The Issuer will provide the Rebate Analyst with copies of Investment reports for any funds containing Gross Proceeds that are held by a party other than the Trustee annually as of the end of each Bond Year and not later than ten days following each Computation Date.