Examples of Proposition C Sales Tax in a sentence
The Authority hereby covenants to comply with and to carry out the provisions of Ordinance No. 49 and the Act of 1998, including, without limitation, to allocate the Proposition C Sales Tax (including the proceeds of bonds secured by Proposition C Sales Tax) for the uses and in accordance with the percentages specified in Section 4(b) of Ordinance No. 49.
The Senior Bonds currently outstanding and hereafter issued by the Authority, and the interest thereon, are payable from, and are secured by a charge and lien on, the Pledged Revenues derived by the Authority from the Proposition C Sales Tax.
Distributed to localities based on population.N/A Proposition C Sales Tax Revenue Debt Affordability LimitsCategoryAllowable UsesDebt Policy MaximumDiscretionary 40%Bus & Rail, Capital & Operating.40% ofDiscretionary 40%.Highway 25%Streets, Highways and Fixed Guideway Projects on Railroad Right-of-Way.60% ofHighway 25%.Commuter Rail 10%Commuter Rail and Park and Ride.
The Series 2022-A Bonds authorized to be issued under the Agreement and this Thirty- Third Supplemental Agreement shall be designated as “Los Angeles County Metropolitan Transportation Authority Proposition C Sales Tax Revenue Bonds, Senior Bonds, Series 2022-A” and shall be issued in the original principal amount of $[Principal Amount].
LOS ANGELES COUNTY METROPOLITAN TRANSPORTATION AUTHORITY By Title This Bond is one of the Proposition C Sales Tax Revenue Refunding Bonds, Senior Bonds, Series 2020-A of the Los Angeles County Metropolitan Transportation Authority, described in the within-mentioned Agreement.
Proposition C Sales Tax Proposition C was also approved by county voters in 1990 as a half-cent sales tax for transportation improvements throughout the county.
We ensure that the SRAM cells are all initialized to a stable state prior to taking measurements.
This Bond is one of a duly authorized issue of the Los Angeles County Metropolitan Transportation Authority Proposition C Sales Tax Revenue Refunding Bonds, Senior Bonds, Series 2022-A (the “Series 2022-A Bonds”).
There is hereby created and established with the Trustee/Escrow Agent a special and irrevocable escrow fund designated “Los Angeles County Metropolitan Transportation Authority, Proposition C Sales Tax Revenue Refunding Bonds, Senior Bonds, Series 2009-E Escrow Fund” (herein referred to as the “Escrow Fund”) to be held in the custody of the Trustee/Escrow Agent in trust under this Escrow Agreement for the benefit of the owners of the Refunded Bonds.
The Series 2023-A Bonds authorized to be issued under the Agreement and this Thirty- Fourth Supplemental Agreement shall be designated as “Los Angeles County Metropolitan Transportation Authority Proposition C Sales Tax Revenue Refunding Bonds, Senior Bonds, Series 2023-A” and shall be issued in the original principal amount of $[ ].