Examples of Emergency Assessments in a sentence
This rule establishes the Board’s policy regarding the issuance of revenue bonds pursuant to Section 215.555(6), F.S. The rule provides definitions; interprets certain terms in Section 215.555, F.S.; establishes factors for determining when to issue revenue bonds, the amount of any such revenue bonds, and the source for repayment of any such revenue bonds; and establishes procedures for levying Emergency Assessments pursuant to Section 215.555(6)(b), F.S.
If Reimbursement Premiums or earnings thereon are used for debt service on revenue bonds, then the amount of the Reimbursement Premiums or earnings thereon so used shall be returned, without interest, to the Fund when Emergency Assessments or other legally available funds remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Reimbursement Premiums and earnings thereon may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.
Phase 1 Emergency Assessments: A national Rapid Response assessment of infrastructure by the Multi Sector Working Group has been on-going to assess needs for Immediate (emergency) repairs and Recovery (rehabilitation) work using standardised Rapid Assessment Forms for Health, Education, Justice, Infrastructure (roads, bridges, drainage) and GoV Central Agency buildings.
If Premiums, earnings thereon, or amounts collected as part of the premium that are attributable to rapid cash buildup are used for debt service, then the amount of the Premiums, earnings thereon, or amounts collected as part of the premium that are attributable to rapid cash buildup so used shall be returned, without interest, to the Fund when Emergency Assessments remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
If Premiums are used for debt service, then the amount of the Premiums so used shall be returned, without interest, to the Fund when Emergency Assessments remain available after making payment relating to the revenue bonds and any other purposes for which Emergency Assessments were levied.
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Premiums, or earnings thereon, may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.
The Board may impose Emergency Assessments in compliance with Civil Code Section 5610, or any similar superseding statute.
The requirement of a membership vote to approve both (i) Regular Assessment increases in excess of 20 percent of the previous year’s Regular Assessment and (ii) Special Assessments that, in the aggregate, exceed 5 percent of the Association’s budgeted gross expenses for the fiscal year in which the Special Assessment(s) is/are levied shall not apply to Assessments necessary to address emergency situations (Emergency Assessments).
Pursuant to Section 215.555(6)(a)1., Florida Statutes, Premiums, earnings thereon, and amounts collected as part of the premium that are attributable to rapid cash buildup may be used for payments relating to revenue bonds in the event Emergency Assessments are insufficient.