Examples of Series 2009B Bonds in a sentence
In accordance with ARRA, DART receives a tax credit from the United States Treasury in amounts equal to 35% of the interest payable amount on the Series 2009B Bonds.
In June 2009, DART issued and sold $170,385 in tax exempt Senior Lien Sales Tax Revenue Bonds (Series 2009A Bonds), and $829,615 in taxable Senior Lien Sales Tax Revenue Bonds (Series 2009B Bonds) to finance capital expenditures for DART’s system expansion and acquisition.
The Series 2009B Bonds may not be advance refunded with tax exempt bonds.
Federal Interest Subsidy – means the interest subsidy payment received by DART from the United States Treasury relating to the interest payable on the Series 2009B Bonds and the 2010B Bonds under Section 54AA of the Code.
The financing is expected to include the issuance of bonds to current refund approximately $183 million of outstanding Series 2009B Bonds.