Examples of Refunding Act in a sentence
The Transportation Enterprise hereby authorizes the issuance of Bonds for the purpose of financing the Project Costs or Refunding Bonds or other financial obligations of the Transportation Enterprise in accordance with FASTER, the Supplemental Securities Act and, in the case of Refunding Bonds, the Refunding Act.
The Series 2016 Bonds are to be issued pursuant to the University Securities Law (as defined below), including the Refunding Act (as defined below.) The Series 2016 Bonds are to be issued and secured pursuant to a bond resolution adopted by the Issuer on October 19, 2016 (the “Series 2016 Bond Resolution”).
The Reassessments described in the Official Statement have been duly and lawfully confirmed under and pursuant to the provisions of the California Constitution and the Refunding Act of 1984 for 1915 Act Improvement Bonds (the “Refunding Act”); and each such Reassessment constitutes a valid and legally binding lien on the parcel of land in the Assessment District on which such Reassessment was confirmed.
The Reassessment Bonds and interest thereon shall be secured by a pledge of certain proceeds of, and payable from, the reassessments (the “Reassessments”) levied in accordance with the Refunding Act of 1984 for 1915 Improvement Act Bonds, Division 11.5 (commencing with Section 9500) of the Streets and Highways Code of California (the “Reassessment Law”) in and for the City of Belvedere Consolidated Reassessment and Refunding District of 2016 (Utility Undergrounding Assessment Districts) (the “District”).