Examples of Program Bonds in a sentence
Redemptions of Program Bonds may be made without premium or penalty.
When covered by issuance of Program Bonds used to make subsidized loan, a reserve of 40% to 50% is funded from Equity and additional Program Bonds are used to make pooled loan at a market rate.
The benefits described in the Contract are conditioned on timely payments bythe Commonwealth on the Related Program Bonds.
The Authority expects to cause additional Program Bonds to be issued at times and in amounts sufficient to meet the funding requirements for loans presently closed as of the end of the SFY 2021 as well as loans anticipated to be closed in SFY 2022 and after.
On and after the Construction Program Bond Conversion Date, the interest rate on the Variable Rate Construction Program Bonds shall be the Permanent Rate.