Pledged Tax Revenues definition

Pledged Tax Revenues means all taxes (i) that were eligible for allocation to the Former Agency with respect to the Project Area and are allocated to the Successor Agency pursuant to Article 6 of Chapter 6 (commencing with Section 33670) of the Law and Section 16 of Article XVI of the Constitution of the State, or pursuant to other applicable State laws and (ii) that are deposited or available for deposit by the County Auditor-Controller in the Redevelopment Property Tax Trust Fund, all as provided in Section 34172(d) of the Dissolution Act.

Pledged Tax Revenues means all taxes that were eligible for allocation to the Prior Agency with respect to the Project Areas and are allocated to the Successor Agency pursuant to Article 6 of Chapter 6 (commencing with Section 33670) of the Law and Section 16 of Article XVI of the Constitution of the State, or pursuant to other applicable State laws and that are deposited in the RPTTF, excluding (i) the portion of such taxes required to pay debt service on the Existing Bonds, but only to the extent that such taxes were pledged to the payment of debt service on the Existing Bonds, (ii) payments required pursuant to the Pass-Through Agreements to the extent not subordinated to payments on the Bonds, Existing Bonds or any Parity Bonds by their terms, and (iii) all Statutory Pass-Through Amounts unless such payments are subordinated to payments on the Existing Bonds, the Bonds or any Parity Bonds or to the payments owed under any Existing Bonds Indentures pursuant to Section 33607.5(e) of the Law and 34177.5(c) of the Dissolution Act.

Pledged Tax Revenues means the net avails or proceeds of the unlimited ad valorem tax levied against all assessable properties within the District, as approved by the electorate of the District in an election previously held therein.

Examples of Pledged Tax Revenues in a sentence

• The Bonds are special obligations of the Successor Agency and this Bond and the interest hereon and on all other Bonds and the interest thereon (to the extent set forth in the Indenture), are payable from, and are secured by a pledge of, security interest in and lien on the Pledged Tax Revenues derived by the Successor Agency from the Project Areas.

• The bonds are payable from and secured by incremental tax revenues (Pledged Tax Revenues).

• If there shall then not be sufficient Pledged Tax Revenues to transfer an amount sufficient to maintain the Reserve Requirement on deposit in the Reserve Account, the Successor Agency shall be obligated to continue making transfers as Pledged Tax Revenues become available until there is an amount sufficient to maintain the Reserve Requirement on deposit in the Reserve Account.

• The bonds are special obligations of the Agency and are payable exclusively from Pledged Tax Revenues.

• The Pledged Tax Revenues are hereby irrevocably and irrepealably pledged and dedicated in an amount sufficient for payment of the Bonds in principal, premium, if any, and interest as they shall become due and payable, and for other purposes hereinafter set forth in this Bond Resolution.

More Definitions of Pledged Tax Revenues

Pledged Tax Revenues means the proceeds of the Sales Tax collected in each year, excluding any collections of the third penny tax.

Pledged Tax Revenues has the meaning set forth in the Senior Lien Trust Agreement.

Pledged Tax Revenues means Tax Revenues, but excluding therefrom Statutory Pass-Through Amounts.

Pledged Tax Revenues means all taxes attributable to the Seaside-Fort Ord Project Area and the Marina Project Area No. 3 that are allocated, or available to be allocated, to (a) the Authority pursuant to California Health and Safety Code Section 33492.71, subsection (c)(1)(A) or (b) the Administrator, as successor in interest to the Authority upon its dissolution, pursuant to California Health and Safety Code Section 33492.71, subsection (c)(1)(D), as applicable.

Pledged Tax Revenues means all taxes that were eligible for allocation to the Former Agency with respect to the Project Areas and are allocated to the Successor Agency pursuant to Article 6 of Chapter 6 (commencing with Section 33670) of the Law and Section 16 of Article

Pledged Tax Revenues means the amounts collected on account of the Measure R Sales Tax (i) less any refunds and the administrative fee deducted by the CDTFA and (ii) less the Local Return.

Pledged Tax Revenues means all taxes that are allocated, or available to be allocated, to (a) the Authority pursuant to California Health and Safety Code Section 33492.71, subsection (c)(1)(A) or (b) the Administrator, as successor in interest to the Authority upon its dissolution, pursuant to California Health and Safety Code Section 33492.71, subsection (c)(1)(D), as applicable.