Direct Payment QSCBs definition

Direct Payment QSCBs means Current Interest Bonds that are “qualified school construction bonds” within the meaning of Section 54F of the Code and that are also “qualified tax credit bonds” within the meaning of Section 54A of the Code, the interest on which is includible in gross income for federal income tax purposes and with respect to which the District shall have made an irrevocable election to receive one or more Direct Payments.
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Direct Payment QSCBs means Current Interest Bonds that are “qualified school construction bonds” within the meaning of Section 54F of the Code and that are also “qualified tax credit bonds” within the meaning of Section 54A of the Code, the interest on which is includible in gross income for federal
Sample 1

Examples of Direct Payment QSCBs in a sentence

  • In addition, proceeds of Direct Payment QSCBs may be used to reimburse otherwise eligible expendi- tures for qualified purposes under §1.150-2 of the Treasury Regulations that were paid or incurred after the enactment date of HIREA and that were financed originally with tempo- rary short-term financing issued after the enactment date of HIREA ( i.e., March 18, 2010).

  • The representations and covenants in this subsection (b) apply only to Bonds issued as Direct Payment QSCBs. The School District covenants that it will use, and will restrict the use and investment of, the proceeds of the Bonds in such manner and to such extent as may be necessary so that the Bonds will qualify as Direct Payment QSCBs under the applicable provisions of the Code.

  • The representations and covenants in this subsection (c) apply only to Bonds issued as Direct Payment QSCBs. The School District covenants that it will use, and will restrict the use and investment of, the proceeds of the Bonds in such manner and to such extent as may be necessary so that the Bonds will qualify as Direct Payment QSCBs under the applicable provisions of the Code.

Related to Direct Payment QSCBs

  • Direct Payment means a payment granted directly to farmers under a support scheme listed in Annex I;

  • Direct Patient Care means the provision of health care services provided directly to individuals being treated for or suspected of having physical or mental illnesses. Direct patient care includes both, face-to-face and telehealth-based preventative care and first-line supervision.

  • Redemption Amount means, as appropriate, the Final Redemption Amount, the Early Redemption Amount (Tax), the Optional Redemption Amount (Call), the Optional Redemption Amount (Put), the Early Termination Amount or such other amount in the nature of a redemption amount as may be specified in, or determined in accordance with the provisions of, the relevant Final Terms;

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.