Qualified Purposes definition

Qualified Purposes means the construction, rehabilitation, or repair of a public school facility (including expenditures for the acquisition of equipment to be used in a portion of a public school facility being constructed, rehabilitated, or repaired with the proceeds of the Bonds) or for the acquisition of land on which such a facility is to be constructed with a portion of the proceeds of the Bonds.
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Qualified Purposes means the construction, rehabilitation, or repair of a public school facility or for the acquisition of land on which such a facility is to be constructed with part of the Available Project Proceeds as described in Section 54F(a)(1) of the Tax Code. Expenditures for costs of acquisition of equipment to be used in such portion of the public school facility that that is being constructed, rehabilitated, or repaired with proceeds of the Bonds constitute a Qualified Purpose.
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Qualified Purposes means those purposes under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, which are permitted of the corporation as a qualified organization which is not a private foundation under the said Internal Revenue Code;
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Examples of Qualified Purposes in a sentence

  • In the case of a proposed industrial or economic development project using state ceiling from either the Industrial and Economic Development or Other Qualified Purposes categories, the project must appear on the list of projects ranked by the Coordinating Council for Economic Development and must have received a definitive recommendation from the Coordinating Council for the amount of state ceiling proposed to be allocated to the project.

  • The user’s name must be attached to all messages sent and no messages may be transmitted under an assumed name.

  • The Borrower may finance additional Qualified Purposes from proceeds of the Series 2010 Bonds only with the express approval by the Authority upon receipt of opinion of nationally recognized bond counsel as provided in Section 2.05 hereof.

  • The proceeds derived from the sale of the Bonds shall be deposited by the Issuer with its fiscal agent bank or banks to be used only for the Qualified Purposes for which the Bonds are issued.

  • If you are in need of immediate assistance regarding attendance please contact our Attendance Secretary at 961-9530, extension 3162.

  • Upon establishment of the Joint Venture, the Group will consider diverting its shipbuilding business to Nantong which offers a lower cost of material procurement and transportation.

  • With respect to any Bonds designated as Qualified School Construction Bonds, the District will, within six months of the Closing Date (as defined in the Contract of Purchase), enter into a substantial binding obligation to a third party to spend at least 10% of the Available Project Proceeds for Qualified Purposes.

  • The District will, within six months of the Closing Date, enter into a substantial binding obligation to a third party to spend at least 10% of the Available Project Proceeds for Qualified Purposes.

  • Heat was transferred through direct contact from our warm hands through a conductor (the metal tray or metal spoon).3.

  • The District reasonably expects to expend all of the Available Project Proceeds for Qualified Purposes within the “expenditure period” defined in Section 54A(d)(2)(B)(ii) of the Code which consists of the period beginning on the date of issuance of such Bonds and ending on the later of the date which is three years after the date of such issuance or such later date, if any, as permitted by the Internal Revenue Service in response to a request to extend theExpenditure Period (the “Expenditure Period”).


More Definitions of Qualified Purposes

Qualified Purposes means construction, rehabilitation and repair of public school facilities within the jurisdiction of the Issuer, including equipping of school facilities improved with Bond proceeds (specifically including the construction and equipping of a new elementary school - O. W. Dillon Elementary School - for the Kentwood area).
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Qualified Purposes means construction, rehabilitation and repair of public school facilities within the jurisdiction of the Issuer, including equipping of school facilities improved with Bond proceeds.
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Qualified Purposes for QSCB means the capital costs of the construction, rehabilitation or repair of the public school facilities comprising a Borrower Project, including expenditures for costs of acquisition of equipment to be used in a facility being constructed, rehabilitated or repaired, or acquisition of land on which the Project will be constructed.
Sample 1
Qualified Purposes means, with respect to QZABs, (i) rehabilitating or repairing the Project in which the Academy is established, (ii) providing equipment for use at the Academy, (iii) developing course materials for education to be provided at the Academy, and (iv) training teachers and other school personnel in such Academy.
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Related to Qualified Purposes

  • Approved Purposes means the use of Data by the Provider for the purposes of providing services authorized by APS in Agreements entered into between APS and the Provider (“Authorized Services”) during the term of the SDUPA., and for no other purpose.

  • Agreed Purposes as defined in Section 10.14.

  • Permitted Purpose means any activity or process to be undertaken or supervised by a Staff member of one Party during the term of this Agreement, for which purpose authorised disclosure of the other Party’s Confidential Information or Intellectual Property is a prerequisite in order to enable such activity or process to be accomplished;

  • Public Purposes means the public purpose of financing $1,500,000.00 of building remodeling and improvement projects, consisting of projects included in the District's 2015-2016 building remodeling and improvement program;

  • School purposes means purposes that customarily take place at the direction of a teacher or the Board, or aid in the administration of school activities, including but not limited to instruction in the classroom, administrative activities and collaboration among students, school personnel or parents or legal guardians of students.

  • public purpose means any of the purposes for which land may be reserved under Part 4 of the Land Administration Act 1997, and any purpose declared by the Governor pursuant to that Act, by notification in the Government Gazette to be a public purpose within the meaning of that Act;

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.

  • Qualified Nurse means a person who holds a valid registration from the Nursing Council of India or the Nursing Council of any state in India.

  • Business Purposes ’ means purposes normally or otherwise reasonably associ- ated with the use of land for business activities, including shops, offices, showrooms, restaurants or similar businesses other than places of instruction, public garages, builder’s yards, scrap yards and industrial activities;