Examples of Recovery Zone Economic Development Bonds in a sentence
At the request of the Company, YIDA shall pursue issuance of Empowerment Zone Bonds, Build America Bonds, Recovery Zone Economic Development Bonds and similar financings to provide low cost financing alternatives for the Project and other benefits under the American Recovery and Reinvestment Act of 2009.
The Bonds may be issued as Fixed Rate Bonds, Variable Rate Bonds, Tender Bonds, Capital Appreciation Bonds, Deferred Income Bonds, Discount Bonds, Build America Bonds or Recovery Zone Economic Development Bonds or any combination thereof in accordance with applicable provisions set forth below and the Applicable Supplemental Trust Agreement.
State and local governments may receive a direct federal subsidy payment for a portion of their borrowing costs on Build America Bonds equal to 35% of the total coupon interest paid to investors (or 45% in the case of Recovery Zone Economic Development Bonds).
The Committee may extend the expiration date for the issuance of Recovery Zone Facility Bonds or Recovery Zone Economic Development Bonds by an additional thirty (30) days.
Excluding Recovery Zone Facility Bonds, Recovery Zone Economic Development Bonds, and Mortgage Credit Certificates, forFor Allocations awarded during an Open Application Process, the Executive Director may grant extensions of up to ninety (90) days.