School Financing Act definition

School Financing Act means part A-3 of chapter 58 of the 2006 laws of New York, as it may be amended and in effect from time to time.
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Examples of School Financing Act in a sentence

  • The Authority shall enforce or cause the Trustee to enforce by appropriate legal proceedings, each covenant, pledge or agreement made by the City or the State in the Indenture or in or pursuant to the Act for the benefit of any of the Beneficiaries, including the Assignment and the related provisions of the School Financing Act.

  • The School Financing Act authorizes the Authority to issue bonds, notes or other obligations in an amount outstanding of up to $9.4 billion to finance a portion of the City’s five-year educational facilities capital plan (the “Five-Year Plan”) and authorizes the City to assign to the Authority all or any portion of the State aid payable to the City or its school district pursuant to subdivision 6 of Section 3602 of the State Education Law, or any successor provision of State law (“State Building Aid”).

  • Additional Building Aid Revenue Bonds The School Financing Act authorizes the issuance of Bonds, Notes or other obligations in an amount outstanding of up to $9.4 billion to finance a portion of one or more of the Five-Year Plans.

  • The School Financing Act authorizes the Authority to issue Bonds, Notes or other obligations in an amount outstanding of up to $9.4 billion to finance a portion of the City’s five-year educational facilities capital plan (the “Five-Year Plan”) and authorizes the City to assign to the Authority all or any portion of the State aid payable to the City or its school district pursuant to subdivision 6 of Section 3602 of the State Education Law, or any successor provision of State law (“State Building Aid”).

  • Nothing in this covenant shall be deemed to obligate the State to make any additional payments or impose any taxes to satisfy the obligations of the Authority; (c) subdivision 4 of § 2799-tt of the Act (added by the School Financing Act) to the effect that: The State Covenant shall be fully applicable to School Bonds and School Notes and may be included in any agreement with the Holders thereof.

  • The School Financing Act also authorized the City, acting through the Mayor, to assign all or a portion of the City’s State Building Aid (State aid payable to the City or its school district pursuant to subdivision 6 of section 3602 of the Education Law) to the TFA, at which point it becomes the property of the TFA.

  • The Series 2018 S Bonds are being issued by the Authority pursuant to the School Financing Act and the Enabling Act, as amended (collectively, the “Act”), and the Amended and Restated Original Indenture, as restated December 1, 2010, as supplemented (the “Indenture”), by and between the Authority and The Bank of New York Mellon, New York, New York, as trustee (the “Trustee”).

  • New York City Transitional Finance Authority The School Financing Act (Part A-3 of Chapter 58 of the Laws of 2006), included as part of the SFY 2006-07 Enacted Budget, authorized an additional $9.4 billion in bonds for the New York City TFA to finance a portion of New York City’s (the City’s) educational facilities capital plan, as well as the bonds’ issuance costs, debt service reserves, refunding bonds and any capitalized interest, which is expressly authorized without limitation.

  • The Colorado Public School Financing Act is the statutory mechanism used to allocate and administer state funding to Colorado school districts.

  • The School Financing Act authorizes the issuance of Building Aid Revenue Bonds of the Authority in an amount outstanding of up to $9.4 billion to finance portions of the City’s educational facilities capital plan.

Related to School Financing Act

  • Banking Act means the UK Banking Act 2009, as amended.

  • terrorism financing means directly or indirectly, unlawfully and wilfully, provides or collects funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out acts of terrorism.

  • National Housing Act means the National Housing Act (Canada), a federal law that promotes the construction of new houses and the repair and modernization of existing houses. CMHC provides mortgage default insurance under this law.

  • Enabling Act means Title 4, Chapter 15, as amended, of the South Carolina Code as supplemented by Section 11-27-40 of the South Carolina Code.

  • amending Act means the Passenger Transportation Amendment Act, 2018, S.B.C. 2018, c. 53;

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • Financing of Terrorism means the provision or collection of funds, by any means, directly or indirectly, with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out any of the offences within the meaning of Articles 1 to 4 of the EU Council Framework Decision 2002/475/JHA of 13 June 2002 on combating terrorism.

  • Applicable School Finance Law means Chapters 48 and 49 of the TEXAS EDUCATION CODE, and other applicable provisions of the TEXAS EDUCATION CODE, the Texas Economic Development Act (Chapter 313 of the TEXAS TAX CODE); Chapter 403, Subchapter M, of the TEXAS GOVERNMENT CODE applicable to the District; and, the Constitution and general laws of the State applicable to the school districts of the State, including specifically, the applicable rules, regulations, and interpretations of the agencies of the State having jurisdiction over any matters relating to the public school systems and school districts of the State, and judicial decisions construing or interpreting any of the above. The term also includes any amendments or successor statutes that may be adopted in the future which impact or alter the calculation of the Applicant’s ad valorem tax obligation or the M&O Amount in Section 4.2 of this Agreement to the District, either with or without the limitation of property values made pursuant to this Agreement.

  • terrorist financing means the act of, directly or indirectly, providing or collecting funds with the intention that they should be used or in the knowledge that they are to be used, in full or in part, in order to carry out terrorist acts.4

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Bank Act means the Bank Act (Canada);

  • Securities Trading Act means the Securities Trading Act of 2007 no.75 of the Relevant Jurisdiction.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);