Operation and Maintenance Fund definition

Operation and Maintenance Fund means the Operation and Maintenance Fund created pursuant to Section 15(b)(i).

Operation and Maintenance Fund means the fund established by the provisions of Section 7.05 hereof and which is designed to provide for the payment of all Operation and Maintenance Expenses.

Operation and Maintenance Fund means the Fund by that name created pursuant to Section 5.02.

Examples of Operation and Maintenance Fund in a sentence

• There shall be deposited in the Operation and Maintenance Fund each month an amount sufficient to meet the current expenses of the month plus an amount equal to 1/12th of expenses payable on an annual basis such as insurance.

• Moneys in the Improvement Fund may also be transferred to the Operation and Maintenance Fund to meet unforeseen contingencies in the operation, repair and maintenance of the sewage works.

• The Operation and Maintenance Fund and the Improvement Fund may be maintained in a single account, or accounts, but such account, or accounts, shall likewise be maintained separate and apart from all other accounts of the City and apart from the Sinking Fund account or accounts.

• There shall be deposited in said fund quarterly, after requirements of the Operation and Maintenance Fund have been met, such sums as shall be necessary to pay said contractual obligations when due.

• On the last day of each calendar month, revenues of the sewage works shall be transferred from the Revenue Fund to the Operation and Maintenance Fund so that the balance maintained in this fund shall be sufficient to pay the expenses of operation, repair and maintenance of the sewage works for the then next succeeding two (2) calendar months.

More Definitions of Operation and Maintenance Fund

Operation and Maintenance Fund means the fund designed to provide for the payment of all expenses (except those expenses to be paid by ad valorem taxes or local hospitality taxes) incurred in connection with the administration and operation of the System, including, without limiting the generality of the foregoing, such expenses as may be reasonably necessary to preserve the System in good repair and working order, the fees and charges of the Trustee and the Registrar or any Paying Agent, the costs of audits required hereunder, and the premiums for all insurance and fidelity bonds required by the Bond Ordinance, in accordance, as nearly as may be practicable, with the Annual Budget then in effect, as such Fund is established by the provisions of Section 7.05 hereof.

Operation and Maintenance Fund means the Fund with that name created by the Bond Resolution.

Operation and Maintenance Fund means the Operation and Maintenance Fund established pursuant to Section 18(A) of this Bond Resolution.

Operation and Maintenance Fund means the fund created pursuant to Section 4.04(B) hereof.

Operation and Maintenance Fund means the Operation and Maintenance Fund established

Operation and Maintenance Fund means the Combined Water and Sewer System Operation and Maintenance Fund authorized, established, designated, and provided for in Section 5.03(a)(1) of the Bond Resolution.

Operation and Maintenance Fund means the Operation and Maintenance Fund established herein.