New Money Project definition
Examples of New Money Project in a sentence
The 2019 Tax-Exempt New Money Project consists of the financing of the costs of various capital improvements, including but not limited to the design, acquisition, construction, installation and equipping of a public safety radio system and other governmental and public safety projects.
The Local Government shall complete, or cause to be completed, the 2019 New Money Project by the date set forth in the certificate delivered under Section 3.4(a)(10).
The Borrower agrees that it will acquire, construct, equip, and install, or complete the acquisition, construction, equipping, and installation of the New Money Project and all other facilities and real and personal property necessary for the operation of the New Money Project.
The Local Government shall obtain the approval of all applicable regulatory agencies to all plans, specifications and designs for the 2019 New Money Project.
The Local Government shall cause each general construction contractor employed in the accomplishment of the 2019 New Money Project to furnish a performance bond and a payment bond each in an amount equal to 100% of the particular contract price.
The Borrower agrees to proceed with due diligence to complete the New Money Project within three years from the date hereof.