Special assessment bonds definition

Special assessment bonds means any bonds issued to represent unpaid assessments upon lands in an area fixed and defined by the local agency, the lands within such area being specially benefited by and assessed or to be assessed to pay the costs and expenses of a public acquisition or improvement.
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Special assessment bonds means bonds, notes, or other securities issued by a municipality, county, or authorized instrumentality that are payable solely from and secured by special assessments levied by the governing body of the municipality or county in a public improvement district.
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Special assessment bonds means bonds issued on behalf of LIDs to finance local improvement costs, CSDCs, SDCs, and other costs associated with constructing sewer facilities and extending sewer lines to provide sewer service to an LID. RVS may use alternate methods of financing as well.
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Examples of Special assessment bonds in a sentence

  • Special assessment bonds issued under this section are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.

  • Special assessment bonds issued in anticipation of the payment of special assessments made for the purpose of defraying the cost of any public improvement, or in anticipation of the payment of any combination of such special assessments.

  • If an applicant’s mentor is an AACR member, an additional letter of reference from an endorser will not be accepted.

  • Special assessment bonds must be sold at public or private sale in the manner provided bychapter 75, and may not be sold for less than par value with accrued interest from date to the time of delivery, or if no bids are received at public sale, bonds bearing the same rate of interest as the special assessment may be delivered to the contractor in payment of the cost of the public improvement.

  • Special assessment bonds may be an obligation of the special assessment district or districts or may be both an obligation of the special assessment district or districts and a general obligation of the City.

  • Special assessment bonds are repaid from amounts levied against affected property owners, but in the unlikely event collections are not sufficient to make debt payments, the responsibility rests with the City to meet that obligation.

  • May 24, 1995.Popular name: Act 451Popular name: NREPA324.30705 Special assessment bonds; lake level orders; proceedings; issuance of notes; full faith and credit.Sec.

  • Special assessment bonds will be repaid from amounts levied against the property owners benefited by the new infrastructure.

  • Special assessment bonds which are issued in anticipation of the payment of special assessments for public improvements in a special assessment district or combination thereof, which bonds may be either an obligation solely of the special assessment district or districts, or both an obligation of such district and a general obligation of the City.

  • Special assessment bonds which are issued in anticipation of the payment of special assessments for public improvements in a special assessment district or combination thereof, which bonds may be either an obligation solely of the special assessment district or districts, or both an obligation of such district and a general obligation of the city.


More Definitions of Special assessment bonds

Special assessment bonds means that series of Bonds anticipated to be paid principally from proceeds of Special Assessments and issued in an aggregate principal amount sufficient to produce amounts available for public improvement capital costs equaling $30,000,000.
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Special assessment bonds means bonds, notes, or
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Special assessment bonds means any bonds issued pursuant to the Bond Indenture payable from and secured by revenues derived from the imposition and collection of the Special Assessment Part B, whether in one or more series, including any bonds issued to refund such bonds.
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Special assessment bonds means collective reference to the Series 1999A Bonds and the Series 1999B Bonds.
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Special assessment bonds means the Special Assessment Bonds dated July 15, 1998, issued by the Black Hawk Improvement District of Xxxxxx County, Colorado, Special Improvement District No. 1997-1.
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Special assessment bonds means any bonds issued to
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Related to Special assessment bonds

  • Special Assessment means an assessment levied against property to pay all or a portion of the costs of making improvements that benefit the property.

  • Special Assessments means any of the following, except as otherwise provided in subsection (6):

  • Initial assessment means an assessment conducted prior to or at admission to determine whether the individual meets the service's admission criteria; what the individual's immediate service, health, and safety needs are; and whether the provider has the capability and staffing to provide the needed services.

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Covered Bonds means any and all the covered bonds (obbligazioni bancarie garantite) issued or to be issued by the Issuer pursuant to the terms and subject to the conditions of the Programme Agreement.

  • Replacement Bonds means Bonds issued to the Beneficial Owners of the Bonds in accordance with Section 210 hereof.

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Pledged Bonds means any Bond at any time purchased, in whole or in part, with the proceeds of a draw on the Letter of Credit upon tender of such Bond and held by the Trustee as nominee for the Bank pursuant to the provisions of Section 305 of the Indenture.

  • Payment Bond is one executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the contract.

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Bond and Interest Fund means the Bond and Interest Fund of the Issuer for its general obligation bonds.

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Refunded Bonds means the portion of the $22,000 of the Series F Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 and 2022 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2, and may include all of those Original Bonds.

  • Bond Purchase Fund means the Fund so designated, which is created and established by a Series Indenture.

  • Additional Bonds means the debt instruments issued under a Tap Issue, including any Temporary Bonds.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.