Special revenue bond definition

Special revenue bond means any security or other instrument, under which a payment obligation is created, issued by or on behalf of or payable or guaranteed by a governmental unit to finance a project serving a substantial public purpose, and not payable from any of the sources enumerated in subsection (q) of this section; or securities which are the functional equivalent of the foregoing issued by a not-for-profit corporation or a special purpose corporation, special purpose trust or other special purpose legal entity; provided that, in the case of obligations of a special purpose corporation, special purpose trust or other special purpose legal entity,

Special revenue bond means a security, or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a substantial purpose and not payable from the sources enumerated in subrule 22.1(5) in connection with the payment of a municipal obligation bond.

Special revenue bond means any bond, note, warrant, certificate of indebtedness or other obligation for the payment of money issued by a public body or any predecessor of any public body which is payable from designated revenues or a special fund and which is subject to statutory debt limitations.

Examples of Special revenue bond in a sentence

• Special revenue bond means a bond, the repayment of which is assured by the dedication by the Authority of a particular source of revenue, which source shall be specified in the resolution authorizing the issuance of such bond.

• Special revenue bond debt is recorded in the governmental activities column in the Statement of Net Position.Water and Sanitary Sewer revenue bonds, which have been issued to fund capital projects, are to be repaid from the net revenues of the Water and Sanitary Sewer System fund.

• The employer must pay the worker at least the NMW rate in addition to the costs of the uniform.

• Special revenue bond - any security, or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a substantial public purpose and not payable from the sources in connection with the payment of municipal obligation bonds.

• Special revenue bond repayment is subject to the “necessary operating expenses” of the municipality, as established by 11U.S.C. § 928.

More Definitions of Special revenue bond

Special revenue bond means any bond, note, warrant, certificate of indebtedness or other

Special revenue bond means any security or other instrument under which a payment obligation is created, issued by or on behalf of or payable or guaranteed by a governmental unit to finance a project serving a substantial public purpose, and not payable from any of the sources enumerated in the definition of a municipal obligation bond; or securities that are the functional equivalent of the foregoing issued by a nonprofit corporation or a special purpose corporation, special purpose trust, or other special purpose legal entity; provided that, in the case of obligations of a special purpose corporation, special purpose trust, or other special purpose legal entity, (i) such obligations are investment grade at the time of issuance; (ii) such obligations are not payable from the sources enumerated in subdivisions 1 through 4 of the definition of municipal obligation bond; and (iii) the project being financed or the tolls, tariffs, usage fees, or other similar rates or charges for its use are subject to regulation or oversight by a governmental unit.

Special revenue bond means any security or other instrument, under which a payment obligation is created, issued by or on behalf of or payable or guaranteed by a governmental unit to finance a project serving a substantial public purpose, and not payable

Special revenue bond means any security or other instrument under which a payment obligation is

Special revenue bond means any bond, note, warrant, certificate of indebted- ness or other obligation for the payment of money issued by a public body or any prede- cessor of any public body which is payable from designated revenues or a special fund and which is subject to statutory debt limi- tations. [1977 c.536 §3; 1997 c.820 §1; 1999 c.559 §11]

Special revenue bond means any security or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project or undertaking serving a substantial public purpose and not payable in full from the sources enumerated in subsection (15) of this section, or securities which are substantially similar to the foregoing and issued by a nonprofit corporation.

Special revenue bond means any security or other instrument under which a payment obligation is created, issued by or on behalf of, or payable or guaranteed by, a governmental unit to finance a project or undertaking serving a substantial public purpose and not payable from the sources enumerated in subdivision (q) or securities that are substantially similar to the foregoing issued by any of the following: