Examples of Series 2010B Certificates in a sentence
On April 28, 2016 the District entered into a financing arrangement (School Board of Sarasota County, Florida - Certificates of Participation, Series 2016), whereby the District partially advanced refunded the callable portions of the Series 2009 and Series 2010-B Certificates of Participation in the amount of$68,365,000.
Any failure to satisfy the final spending requirement shall be disregarded if the Board exercises due diligence to complete the project financed by the Series 2010B Certificates and the amount of the failure does not exceed the lesser of (i) 3% of the issue price of the Series 2010B Certificates or (ii) $250,000.
The payments represented by the Series 2010B Certificates are payable from legally available funds appropriated annually by the governing body of the Lessee during the term of the Series 2010B Lease, subject to annual renewal upon appropriation for amounts due under the Series 2010B Lease for succeeding fiscal years as provided in the Series 2010B Lease.
The purpose of the Series 2010B Certificates (Build America Bonds) is to construct and reconstruct certain roads in the City.
The Series 2010B Certificates of Participation were issued as Build America Bonds whereby the District will receive a subsidy from the United States Treasury equal to 35% of each interest payment.