Florida Municipal Bonds definition

Florida Municipal Bonds means Municipal Bonds issued by or on behalf of the State of Florida, its political subdivisions, agencies and instrumentalities and by other qualifying issuers that pay interest which, in the opinion of bond counsel to the issuer, is exempt from Federal income taxes and Florida intangible personal property taxes, and includes Inverse Floaters.
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Florida Municipal Bonds means Municipal Bonds issued by or on behalf of the State of Florida, its political subdivisions, agencies and instrumentalities and by other qualifying issuers, each of which pays that pay interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for Federal income tax purposes and which enables shares of the Fund to be exempt from Florida intangible personal property taxes, and includes Inverse Floaters.
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Florida Municipal Bonds means municipal obligations issued by or on behalf of the State of Florida, its political subdivisions, agencies and instrumentalities and by other qualifying issuers that pay interest which, in the opinion of bond counsel to the issuer, is exempt from Federal income taxes.
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Examples of Florida Municipal Bonds in a sentence

  • For purposes of the issue type category requirement described above, Florida Municipal Bonds will be classified within one of the following categories: health care issues, housing issues, educational facilities issues, student loan issues, transportation issues, industrial development bond issues, utility issues, general obligation issues, lease obligations, escrowed bonds and other issues not falling within one of the aforementioned categories.

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  • Florida Municipal Bonds may be rated as escrow bonds by another nationally recognized rating agency or rerated as an escrow bond and assigned the equivalent of an S&P AAA rating, provided that such equivalent rated Bonds are limited to 50% of the aggregate Market Value of S&P Eligible Assets and are deemed to have an AA S&P rating for purposes of determining the S&P Discount Factor applicable to such Florida Municipal Bonds.

  • The Trust may include Municipal Bonds other than Florida Municipal Bonds as S&P Eligible Assets pursuant to guidelines and restrictions to be established by S&P provided that S&P advises the Trust in writing that such action will not adversely affect its then current rating on the AMPS.

  • The limitations on Florida Municipal Bonds of any one issuer in clause (1) above are not applicable to escrow bonds, however, economically defeased bonds that are either initially rated or rerated by S&P or another nationally recognized rating agency and assigned the same rating level as the issuer of the Bonds will remain in its original issue type category set forth in clause (2) above.

  • Florida Municipal Bonds which are escrow bonds or defeased bonds may compose up to 100% of the aggregate Market Value of S&P Eligible Assets if such Bonds initially are assigned a rating by S&P in accordance with S&P's legal defeasance criteria or rerated by S&P as economic defeased escrow bonds and assigned an AAA rating.

  • Florida Municipal Bonds and Municipal Bonds not rated by Moody's but rated BBB or BBB+ by S&P.

  • For purposes of the issue type category requirement described above, Florida Municipal Bonds in the transportation issue type category will be classified within one of the two following sub-categories: (i) streets and highways, toll roads, bridges and tunnels, airports and multi-purpose port authorities (multiple revenue streams generated by toll roads, airports, real estate, bridges), (ii) mass transit, parking, seaports and others.

  • The Moody's Discount Factor for Receivables for Florida Municipal Bonds and Municipal Bonds Sold that are due within six and 30 Business Days of such Valuation Date will be the Moody's Discount Factor applicable to the Florida Municipal Bonds or Municipal Bonds sold.

  • Notwithstanding the foregoing, no Moody's Discount Factor will be applied to cash or to Receivables for Florida Municipal Bonds and Municipal Bonds Sold that are due within five Business Days of such Valuation Date.


More Definitions of Florida Municipal Bonds

Florida Municipal Bonds means Municipal Bonds issued by or on behalf of the State of Florida, its political subdivisions, agencies and instrumentalities and by other qualifying issuers
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Related to Florida Municipal Bonds

  • Municipal Bonds means "Municipal Bonds" as defined in the Corporation's Registration Statement on Form N-2 (File No. 333-_____) relating to the AMPS on file with the Securities and Exchange Commission, as such Registration Statement may be amended from time to time, as well as short-term municipal obligations, High Yield Municipal Bonds and Inverse Floaters.

  • Municipal bond means a bond or evidence of indebtedness issued by a municipality or other political subdivision of a state.

  • School Bonds means School Obligations issued as Bonds.

  • Municipal Securities means municipal securities as described under the heading “Portfolio Contents” in the prospectus or other offering document for a Series of RVMTP Shares.

  • Initial Bonds means the Bonds issued on the First Issue Date.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Serial Bonds means Bonds (other than Term Bonds) that mature in annual or semi-annual installments.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Revenue bonds means the following types of instruments payable from the sources provided in the Central Valley Project Act: revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Municipal waste means solid waste that includes garbage, refuse, and trash generated by households, motels, hotels, and recreation facilities, by public and private facilities, and by commercial, wholesale, and private and retail businesses. The term does not include special waste or industrial waste.

  • Municipal security means a secu- rity that is a direct obligation of or issued by, or an obligation guaranteed as to principal or interest by, a State or any political subdivision thereof, or any agency or instrumentality of a State or any political subdivision thereof, or any municipal corporate in- strumentality of one or more States or political subdivisions thereof.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Existing Bonds means the following obligations of Seller:

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.