Federal Subsidy definition

Federal Subsidy means Revenues, paid or payable to the Authority or its assignee by the United States Treasury in respect of BABs or QSCBs pursuant to Section 6431 of the Tax Code, or such other federal subsidy as may be identified by Series Resolution.

Federal Subsidy means any payment from the federal government with respect to federal subsidy bonds.

Federal Subsidy means any construction or permanent financing that is directly or indirectly financed from state or local bonds, including municipal bonds, which are tax-exempt for federal income tax purposes.

Examples of Federal Subsidy in a sentence

• Unless otherwise specified by Officer’s Certificate, interest on the Sinking Fund Bonds shall be payable from the School Bond Account (exclusive of the Sinking Fund).A pplication of Federal Subsidy.

• The Authority shall take all actions as may be required, under the Tax Code or otherwise,(1) for timely receipt of the Federal Subsidy and (2) fully to preserve, maintain, defend, protect and confirm the interest of the Trustee in the Federal Subsidy.

• The Authority will not take any action that will adversely affect the Trustee’s ability to receive the Federal Subsidy and will promptly pay over to the Trustee any Federal Subsidy received by the Authority.Tax Covenant.

• For the purpose of determining a Project’s Applicable credit percentage, Federal Subsidy means any construction or permanent financing that is directly or indirectly financed from state or local bonds, including municipal bonds, which are tax-exempt for federal income tax purposes.

• Whether, for the preceding year, the Project was the recipient of a federal grant or other Federal Subsidy that would cause a reduction in eligible basis.

More Definitions of Federal Subsidy

Federal Subsidy means other project funding to include federal grants and below market rate federal loans through programs such as those administered by HUD (excluding CDBG) and Rural Development, tax exempt financing and any other locally administered low interest loan or grants from federal sources.

Federal Subsidy means Tax Exempt Bonds.

Federal Subsidy means any federal payments or subsidies related to any Obligation received by the District.

Federal Subsidy means other project funding to include federal grants and below market rate federal loans through programs such as those administered by HUD (excluding CDBG) and

Federal Subsidy means Revenues, paid or payable to the Authority or its assignee by the United States Treasury in respect of BABs or QSCBs pursuant to section 6431 of the Tax Code, or such other federal subsidy as may be identified by Series Resolution.

Federal Subsidy means amounts expected to be paid from a direct subsidy payment expected to be received from the United States Treasury, or any interest subsidy or similar payments made by the Federal government; provided, however no amounts shall be included to the extent the Federal government failed to pay an expected amount in a prior Fiscal Year.

Federal Subsidy means federally subsidized loans or tax-exempt loans, including Rural Housing Service Section 515 loans. “Federal subsidy” does not include federal grants, such as CDBG, HOME or Supportive Housing Program grants.