Qualified School Construction Bonds definition

Qualified School Construction Bonds or “QSCBs” means qualified school construction bonds under Section 54F of the Tax Code.
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Qualified School Construction Bonds means qualified school construction bonds as defined in Sections 54A and 54F of the Code.
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Qualified School Construction Bonds means those Series 2011 Bonds designated as qualified school construction bonds within the meaning of and as defined in Section 54F of the Code.
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Examples of Qualified School Construction Bonds in a sentence

  • Certain resources set aside for repayment of debt are classified as restricted assets on the Statement of Net Position because their use is limited by applicable debt statutes, e.g. Qualified School Construction Bonds sinking funds.

  • The District participates in the Qualified School Construction Bonds ("QSCB") program sponsored by the State Public School Building Authority ("SPSBA").

  • While Qualified School Construction Bonds (QSCBs) are intended to be interest free to a borrower, the ARRA legislation allows a lender to charge supplemental interest, and such supplemental interest is the responsibility of the school district.

  • Restricted Deposits and InvestmentsThe District maintains restricted cash and investment balances held by fiscal agents, which are restricted for the repayment of Qualified School Construction Bonds (See Note 7).

  • The Authority also derives Revenues from State Building Aid, and federal subsidies with respect to Build America Bonds and Qualified School Construction Bonds under the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”), but such Revenues are not pledged to the Holders of the Fixed Rate Bonds or reflected in the calculation of debt service coverage in the tables in this Offering Circular.

  • The Authority also derives Revenues from State Building Aid, and federal subsidies with respect to Build America Bonds and Qualified School Construction Bonds under the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”), but such Revenues are not pledged to the Holders of the Fixed Rate Bonds.

  • The Compliance Officer shall be responsible for the calculation of the amount of any federal subsidy payments and the timely preparation and submission of the applicable tax form and application for federal subsidy payments for tax-advantaged obligations such as Build America Bonds, New Clean Renewable Energy Bonds and Qualified School Construction Bonds.

  • Another federal program used by LAUSD at that time is known as Qualified School Construction Bonds (QSCBs).

  • The Authority also derives Revenues from State Building Aid, and federal subsidies with respect to Build America Bonds and Qualified School Construction Bonds under the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”), but such Revenues are not pledged to the Holders of the Series 2013 Bonds.

  • Long-Term Obligations (Continued) Qualified School Construction Bonds The School District issued $4,000,000 in Qualified School Construction Bonds (“QSCB”) in December 2010 for the purpose of providing funds to pay the cost of renovations at several schools and to pay the costs of issuance of the QSCBs. The full $4,000,000 in principal on this QSCB is due on December 1, 2020.


More Definitions of Qualified School Construction Bonds

Qualified School Construction Bonds or “QSCBs” means qualified school construction bonds under section 54F of the Tax Code.
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Qualified School Construction Bonds means Bonds issued under this Resolution which are designated as direct-pay qualified school construction bonds.
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Related to Qualified School Construction Bonds

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Contribution in aid of construction, as used in this subrule, means a nonrefundable cash payment grossed-up for the income tax effect of such revenue covering the costs of a distribution main extension or service line that are in excess of costs paid by the utility. The amount of tax shall be reduced by the present value of the tax benefits to be obtained by depreciating the property in determining the tax liability.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Original construction means the first or initial construction

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.