Examples of Sinking Funds in a sentence
Separate accounts shall be kept by the Commonwealth for each State in respect of Debt, Interest, and Sinking Funds.
The Texas Public Finance Authority is also authorized to transfer funds appropriated for general obligation bond debt service to the Interest and Sinking Fund(s) to pay ongoing costs associated with the General Obligation Commercial Paper Program.
In compliance with the Bond Resolutions and Funds Management Agreements between the Texas Public Finance Authority and the Comptroller of Public Accounts, the Texas Public Finance Authority is hereby authorized to transfer funds, appropriated for bond debt service, into the appropriate Interest and Sinking Funds in amounts as necessary for the payment of principal and interest due on general obligation bonds.
These funds, described as Sinking Funds, are administered by independent Sinking Fund Commissioners appointed by the Council.
Section 5.01 The provisions of Article Twelve of the Indenture entitled "Sinking Funds" shall not be applicable to the Notes.