Increment bonds definition

Increment bonds means bonds and notes issued for the purpose of paying the costs of one (1) or more projects, or grant or loan programs as described in subsection (30)(c) of this section, in a development area or a local development area;
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Increment bonds means bonds and notes issued for the purpose of paying the costs of one (1) or more projects;
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Increment bonds means bonds and notes issued for the purpose of paying the costs of one (1) or more projects in a development area, the payment of which is secured solely by a pledge of increments or by a pledge of increments and other sources of payment that are otherwise permitted by law to be pledged or used as a source of payment of the bonds or notes;
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Examples of Increment bonds in a sentence

  • In 2017, additional Tax Increment bonds were issued to cover approved expenses related to the project area.

  • Increment bonds may be issued to pay the costs of projects in the development area.

  • See “Risk Factors — Risks Relating to the Restructuring — If the Restructuring does not occur, the FMSA may institute proceedings for conservation or an insolvent liquidation of the Bank”.The Bank understands that those financial institutions based in Kazakhstan that have been placed into conservation or bankruptcy in the past have made only limited repayments to creditors.

  • Limited Obligation Bonds: Tax Increment bonds $ 54,575 4.65% 04/2016C.

  • Limited Obligation Bonds:Tax Increment bonds $ 28,500 4.65% 04/2016 C.

  • Increment bonds do not have to be secured by the City’s credit rating.

  • Tax Increment Bonds - GeneralTax Increment bonds are a funding mechanism for Redevelopment Areas.


More Definitions of Increment bonds

Increment bonds means bonds and notes issued for the purpose of paying the costs of one (1) or more projects, or grant or loan programs as described in subsection (30)(c) of this section, in a development area or a local development area; "Incremental revenues" means the amount of revenues received by a taxing district, as determined by subtracting old revenues from new revenues in a calendar year with respect to a development area, a project within a development area, or a local
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Increment bonds means bonds and notes issued for the purpose of paying the costs
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Increment bonds means the bonds or notes issued by the City or Agency pursuant to the Act to pay for Project Costs or Redevelopment Assistance within the Development Area as approved by the issuer of the Increment Bonds, the payment of which shall be supported by Incremental Revenues pledged by the City, the County, PDS, and other revenues.
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Increment bonds means bonds, notes or other obligations issued by the City to pay for Eligible Project Costs.
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Increment bonds means bonds and notes issued for the purpose of paying the costs of one (1) or more economic development projects in a development area, the payment of which is secured solely by a pledge of increments or by a pledge of increments and other
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Related to Increment bonds

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Term Bonds means those Bonds designated as such and maturing on the date or dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Incremental Commitment means an Incremental Revolving Commitment or an Incremental Term Commitment.

  • Refunded Bonds means the portion of the $115,000 of the Series D Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2024 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.