Political subdivision bonds definition

Political subdivision bonds means bonds or other
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Political subdivision bonds means bonds, notes, or other securities issued by and any debt or other contractual obligations, including loan agreements with the Board, incurred by a Political Subdivision and heretofore and hereafter acquired by the Board in carrying out the purposes of the CWSRF or the DWSRF pursuant to the SRF Act.
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Political subdivision bonds means bonds or other obligations issued by a political subdivision to fund a project and purchased by the board from money in the fund.
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Examples of Political subdivision bonds in a sentence

  • The Board hereby covenants and agrees to identify for the Comptroller by Political Subdivision, series and aggregate principal amount, all Political Subdivision Bonds so transferred and to notify the Comptroller in writing of the transfer of ownership of each Political Subdivision Bond immediately upon acquisition thereof by the Authority.

  • From and after the transfer of ownership of any Political Subdivision Bonds from the Board to the Authority and for so long as such Political Subdivision Bonds are owned by the Authority, the custody and possession of such Political Subdivision Bonds shall be deposited with the Comptroller to the credit of the Water Resources Trust Fund.

  • The Board sold the Portfolio to the Authority and agreed in the Portfolio Sale and Servicing Agreement between the Authority and the Board, dated February 15, 1989 (the “1989 Agreement) to perform the necessary administrative and servicing functions with respect to the Authority’s Political Subdivision Bonds held in the Water Resources Trust Fund (as hereinafter defined) on behalf of the Authority.

  • The Board will perform its obligations under this Article III with respect to the Water Resources Trust Fund, toward the objective of obtaining full and timely repayment of all obligations in the Water Resources Trust Fund and full compliance with all of the covenants and agreements set forth in the related Bonds, Political Subdivision Bonds and Collateral Documents.

  • It is made the duty of the Comptroller to maintain books or records of the Authority’s ownership of the Portfolio as the Authority acquires Political Subdivision Bonds in the Portfolio.

  • The Authority hereby reaffirms the appointment of the Board to act as its servicing agent to provide functions required to seek to ensure that each Political Subdivision pays the debt service on its Political Subdivision Bonds in the Water Resources Trust Fund and observes the covenants and requirements set forth in such Political Subdivision Bonds and related Collateral Documents.

  • Chapter 17 of the Texas Water Code (as amended from time to time, “Chapter 17”), and particularly Section 17.0871 thereof, authorizes the Board, in furtherance of the public purposes set forth in Chapter 17, (a) to sell any of its Political Subdivision Bonds to the Authority; and (b) to apply the proceeds of the sale for the purposes provided by law.

  • The Authority, exercising its authority under the Act, issued and delivered its Revenue Bonds, Series 1989 (the “1989 Bonds”) to obtain funds to acquire the Portfolio (as hereinafter defined) of Political Subdivision Bonds from the Board, to fund a portion of a reserve fund for the Series 1989 Bonds and to pay costs relating to issuance of the Series 1989 Bonds, under and in accordance with the Constitution and laws of the State.


More Definitions of Political subdivision bonds

Political subdivision bonds means those bonds, notes, or other securities issued, and those debts or other contractual obligations incurred, by a Political Subdivision for the purpose of financing or refinancing projects for water resource development and conservation, water quality enhancement, flood control, drainage, subsidence control, recharge, chloride control, agricultural soil and water conservation, desalinization or any combination of these purposes.
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Political subdivision bonds means bonds, notes, or other securities that were issued by and any debt or other contractual obligations that were incurred by a political subdivision for the purpose of financing or refinancing projects for water resource development and conservation, water quality enhancement, flood control, drainage, subsidence control, recharge, chloride control, agricultural soil and water conservation, desalinization, or any combination of these purposes.
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Related to Political subdivision bonds

  • Political subdivision means a city, village, town or county.

  • Political Subdivisions means cities, counties, and educational institutions.

  • Local political subdivision means a county, municipal corporation, township, conservancy district, soil and water conservation district, joint recreation district, park district, or other similar park authority.

  • Local Subdivision means any county, municipal corporation, township, sanitary district or regional water and sewer district of the State.

  • Governmental subdivision means any city, county, or combination thereof.

  • Subdivision means the division of a piece of land into two or more portions;

  • Local Subdivision Contribution means the Local Subdivision financial share used for the sole and express purpose for paying or reimbursing the costs certified to the Director under this Agreement for completion of the project.

  • Subdivision Plat means the graphical representation of the subdivision of land, prepared by a licensed professional land surveyor, having a number or letter designation for each lot within the plat and a succinct name or title that is unique for the county where the land is located.

  • Political Event shall have the meaning set forth in Clause 21.4;

  • Registered political party means an organization of voters that:

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • political office means the office of member of Parliament, member of the European Parliament or member of a local authority or any position within a political party.

  • Minor subdivision means a subdivision that creates five or fewer lots from a tract of record.

  • Final Subdivision Map means a final tract map, parcel map, lot line adjustment, or functionally equivalent map or instrument that creates building sites, recorded in the County Office of the Recorder.

  • Political party means an organization of registered voters that has qualified to

  • Political sign means a sign advertising a candidate or candidates for public elective office, or a political party, or a sign urging a particular vote on a public issue decided by ballot.

  • Municipal Political Party Committee means a committee organized pursuant to N.J.S.A. 19:5-2.

  • State Political Party Committee means a committee organized pursuant to N.J.S.A. 19:5-4.

  • Political purposes means an act done with the intent or in a way to influence or tend to influence, directly or indirectly, any person to refrain from voting or to vote for or against any candidate or a person seeking a municipal office at any caucus, political convention, or election.

  • Political activity means any activity in support of or in connection with any campaign for elective office or any political organization, but does not include activities (i) relating to the support or opposition of any executive, legislative, or administrative action, (ii) relating to collective bargaining, or (iii) that are otherwise in furtherance of the person's official duties.

  • 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.

  • Political fundraising committee means a "political fundraising committee" as defined in MCC Ch. 2-156, as amended.

  • Political purpose means any activity undertaken in support of or in opposition to the

  • Minor political party means a political party qualified to have its name listed on the general election ballot but that does not qualify as a major political party.

  • Political contribution means any payment, gift, subscription, assessment, contract, payment for services, dues, loan, forbearance, advance or deposit of money or any valuable thing, to a candidate for public office or to a political committee, including but not limited to a political action committee, made for the purpose of influencing any election in the Commonwealth of Pennsylvania or for paying debts incurred by or for a candidate or committee before or after any election.

  • Political party committee means a political committee formed by a political party organization