Recovery Zone Bonds definition

Recovery Zone Bonds means recovery zone economic development bonds and recovery zone facility bonds allocated under the federal American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, 123 Stat. 115, codified in section 1400U-1 of the Internal Revenue Code.

Recovery Zone Bonds means interest subsidy bonds issuable by the Authority under Sections 1400U-2 and 6431 of the Code and a “qualified bond” under Section 1400U-2(a) of the Code or such other tax credit bonds of substantially similar nature which may be hereafter authorized.

Recovery Zone Bonds means Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds.

Examples of Recovery Zone Bonds in a sentence

• Enter any interest received from Build America or Recovery Zone Bonds that is included in your federal adjusted gross income.

• Actual payments will be on August 1, 2014.Designated exclusive Issuer by the Governor of the State of Illinois to issue Midwest Disaster Area Bonds in Illinois, February 11, 2010.Section I (c) Principal Outstanding Program Designated by the Governor of the State of Illinois to manage and coordinate the re-allocation of Federal ARRA Volume Cap and the issuance of Recovery Zone Bonds in the State of Illinois to fully utilize RZBs before December 31, 2010.

• The estimated exposure from each specific scenario is provided in supplementary data Tables E1-S1 to E1-S4.

• These reviews found that lenders submitted approximately $4.4 million in inappropriate expenses claimed per year in fiscal years 1997 and 1998, and resulted in refunds to the insurance fund from lenders.

• An eligible issuer may issue Recovery Zone Bonds based on a volume cap allocation received by the eligible issuer itself or by a conduit borrower or other ultimate beneficiary of the issue of the bonds.

More Definitions of Recovery Zone Bonds

Recovery Zone Bonds means Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds as provided in the Code and Notice.

Recovery Zone Bonds means collectively, the Illinois Finance Authority Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010 and The County of Xxxx, Illinois Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate original principal amount of up to $225,000,000.

Recovery Zone Bonds debt obligations of the Issuer which the Issuer has elected to designate as recovery zone economic development bonds under the provisions of Section 1400U-2 of the Code.

Recovery Zone Bonds means recovery zone economic development bonds and recovery zone facility bonds allocated under the federal American Recovery and Reinvestment Act of 2009, Pub. L. No. 111-5, 123 Stat. 115, codified in section 1400U-1 of the Internal Revenue Code.2. The authority shall provide written notice to each county and large municipality in the state of the amount of the recovery zone bond allocation designated for each by the internal revenue service of the United States department of the treasury.3. Each county or large municipality that issues recovery zone bonds shall provide a written notice of each such issuance to the authority on a form prescribed by the authority. The authority shall track the amount of the recovery zone bond allocation used by each county and large municipality.4. a. A county or large municipality may, at any time prior to July 1, 2010, waive all or a portion of the county or large municipality’s recovery zone bond allocation, as applicable.b. Any portion of a county or large municipality’s recovery zone bond allocation that remains unused on July 1, 2010, is deemed waived by the applicable county or large municipality.5. a. The authority shall recapture all waived recovery zone bond allocations.b. On or after March 1, 2010, any eligible issuer may apply to the authority requesting an allocation from the total amount of waived recovery zone bond allocations recaptured by the authority.

Recovery Zone Bonds collectively means (i) The County of Xxxx, Illinois Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $90,000,000, which were issued under and secured by the Indenture of Trust dated as of October 1, 2010, between The County of Xxxx, Illinois, and Citibank N.A., as trustee, and (ii) the Illinois Finance Authority Recovery Zone Facility Revenue Bonds (Navistar International Corporation Project) Series 2010, in the aggregate principal amount of $135,000,000, which were issued under and secured by the Indenture of Trust dated as of October 1, 2010, between the Illinois Finance Authority and Citibank N.A., as trustee.

Recovery Zone Bonds means Build America Bonds which have additionally been designated “recovery zone economic development bonds” under the provisions of the American Recovery and Reinvestment Act of 2009, including as codified in Section 1400U-2 of the Code, or any successor thereto or replacement thereof.

Recovery Zone Bonds means taxable bonds as defined in Section 1400U-2 of the Code.