Examples of Special Project Bonds in a sentence
Special Project Bonds are secured by a mortgage on the financed properties.
Special Project Bonds payable from and secured by revenues may be issued by the Authority for the purpose of providing additional facilities to enable the Authority to render service to other users, provided that such Special Project Bonds are not payable from or secured by a pledge of Net Revenues.
Special Project Bonds may be additionally secured by a mortgage or deed of trust lien upon only the physical properties of the project purchased or constructed with the proceeds of such bonds.
Payments by JFKIAT to the Port Authority on account of such investment (the “JFKIAT payment obligation”) are to be made on a subordinated basis to certain other rental obligations of JFKIAT under such lease, including facility rental pledged to the payment of debt service on Special Project Bonds, Series 6 (see Note D-2).
The term Special Project Bonds shall mean bonds which the District expressly reserves the right to issue in Section 21 of this Order.
Report of Committee on Finance The Committee on Finance reported, for information, on matters discussed in public session at its meeting on August 5, 2010, which included discussion of an item that provides for the establishment and issuance of Special Project Bonds in connection with a project to expand Terminal 4 at John F.
The total debt service pursuant to Port Authority bond resolutions was $498 million exclusive of amounts relating to the Equipment Notes and Special Project Bonds.
The total amount of outstanding obligations in connection with Special Project Bonds as of December 31, 2001 was $1.5 billion.
Consolidated financial statements for the Port Authority including the Passenger Facility Charges Program for the fiscal year ended December 31, 2011 disclosed the following (expressed in millions): Except for Special Project Bonds, the Authority’s debt is secured by its full faith and credit, its reserve funds, or a pledge of future revenues.
The February Plan assumes the City’s full-time work force will total 306,291 employees by June 30, 2022, which is 22,376 more than reported as of December 31, 2021.