Building Aid Subaccount definition
Examples of Building Aid Subaccount in a sentence
Two subaccounts are hereby established in the Collection Account: the Tax Revenue Subaccount, to be funded and applied pursuant to Section 509; and the Building Aid Subaccount, to be funded and applied pursuant to Section 510.
Building Aid transferred to the Bond Account or the Recovery Account may be treated as an interfund advance and transferred to the School Bond Account or restored to the Building Aid Subaccount through an Officer’s Certificate directing the transfer of Tax Revenues pursuant to Section 509(a) fourth.
Or. en Amendment 805 Anna Zalewska Proposal for a regulation Article 13 – paragraph 4 Text proposed by the Commission Agency’s opinion referred to in paragraph 3, shall draft and submit its opinion to the ENTSO for Electricity or the ENTSO for Gas.Agency’s opinion referred to in paragraph 3 the Commission, considering this opinion, shall draft and submit its opinion to the ENTSO for Electricity or the ENTSO for Gas.
Principal of the Tax-Exempt Bonds will be retained in the Sinking Fund in accordance with the retention procedures described herein with respect to the Building Aid Subaccount immediately preceding each maturity or mandatory redemption date.
If Tax Revenues are not sufficient to pay the Pre-07 S-1 Obligations as well as other Authority obligations payable from Tax Revenues issued after the date of issuance of the Series 2007 S-1 Bonds, State Building Aid on deposit in the Building Aid Subaccount of the Collection Account will be applied to the payment of the Pre-07 S-1 Obligations and the amount of State Building Aid available for payment of the Building Aid Revenue Bonds would be reduced.