Examples of Special Escrow Fund in a sentence
Refunding Bonds of 2010 Escrow – accounts for monies held in an escrow fund in accordance with the Special Escrow Fund Agreement of the General Obligation Limited Tax Taxable Refunding Bonds of 2010.
Special Escrow Fund was misclassified as Other Governmental Funds.
There came on for the Board’s consideration, to approve an Interfund Transfer from Special Escrow Fund (#002) to 2011 Refunding 2001 GO Road Bond Fund #180 in the amount of $20,000.00, and on motion from Member Montgomery, seconded by Member Howard, the Board unanimously approved the same.
This error resulted in a prior period adjustment of $125,753 to reclassify the fund balance of Special Escrow Fund to General Fund.
The Special Escrow Fund shall be held as a trust fund and shall not be subject to any Lien, attachment, trustee process or any other judicial process of any creditor of any party, and shall be held and disbursed solely for the purposes and in accordance with the terms of the Escrow Agreement.