Special Source Revenue Credit definition

Special Source Revenue Credit financing secured by and payable solely from revenues of the County derived from payments in lieu of taxes for the purposes set forth in Section 4-29-68 of the Code, namely: the defraying of the cost of designing, acquiring, constructing, improving, or expanding the infrastructure serving the County and for improved and unimproved real estate, and personal property, including but not limited to machinery and equipment, used in the operation of a manufacturing facility or commercial enterprise in order to enhance the economic development of the County (collectively, “Infrastructure”).
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Special Source Revenue Credit means the Special Source Revenue Credit described in Section
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Special Source Revenue Credit or “SSRC” shall mean the special source revenue credit granted by the County pursuant to the Multi-County Park Act, including Section 4-1-175 thereof, and, by incorporation, Section 4-29-68 of the Code, and by Article VIII, Section 13 of the South Carolina Constitution, as further described in Section 4.2 hereof.
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Examples of Special Source Revenue Credit in a sentence

  • The County will use its reasonable best efforts to cause the Project to be located in a MCIP for a term extending at least until the end of the period of FILOT Payments against which a Special Source Revenue Credit is to be provided under this Fee Agreement.

  • An Ordinance Authorizing pursuant to Title 4, Chapter 1, Section 170; Title 4, Chapter 1, Section 175; and Title 4, Chapter 29, Section 68 of the Code of Laws of South Carolina, 1976, as amended, the execution and delivery of an amendment to a Special Source Revenue Credit Agreement between Richland County, South Carolina and WNS Global Services Inc.; and matters relating thereto – No one signed up to speak.

  • Subject to the provisions herein, the County grants a Special Source Revenue Credit (“SSRC”) to the Company in an amount equal to thirty percent (30%) of each Fee Payment due for the Project for a period of ten (10) years (“Credit Period”).

  • First Reading of Ordinance #2020-19 An Ordinance Authorizing the Execution and delivery of a Special Source Revenue Credit Agreement by and among Marion County, South Carolina and Project Jigsaw, Providing for the Issuance of Special Source Revenue Credits and Other Matters Related Thereto.

  • Third Reading of Ordinance #2020-16 An Ordinance Authorizing the Execution and Delivery of a Special Source Revenue Credit Agreement by and among Marion County, South Carolina, and Project Splash, Providing for the Issuance of Special Source Revenue Credits and Other Matters Related Thereto.

  • Each annual Special Source Revenue Credit shall be reflected by the County Auditor or other authorized County official or representative on each bill for FILOT Payments sent to the Company by the County for each applicable property tax year, by reducing such FILOT Payments otherwise due by the amount of the Special Source Revenue Credit to be provided to the Company for such property tax year.

  • Commission Action: Moved by Mr. Gasper Chifici, seconded by Mr. Donald Songy unanimously adopted, to deny this request for family partition due to it not being in the spirit and intention in which family partition ordinance was created and there not being a genuine hardship proved.

  • Third Reading of Ordinance #2020-18 An Ordinance Authorizing the Execution and delivery of a Special Source Revenue Credit Agreement by and among Marion County, South Carolina, DMA Sales, LLC, and DMA Substantia, LLC, Providing for the Issuance of Special Source Revenue Credits and Other Matters Related Thereto.

  • As an inducement for the Investment and in accordance with Section 12-44-70 of the Act, the County grants to the Company a Special Source Revenue Credit (“SSRC”) equal to twenty percent (20%) of the value of the annual Payments-in-Lieu-of-Taxes due for property tax years one (1) through five (5) (the “Credit Period”) beginning with the first property tax year for which a Payment-in-Lieu-of-Taxes becomes due.

  • To claim each SSRC, the Sponsor shall file with the County Administrator, the County Auditor, and the County Treasurer, no later than the date on which the FILOT Payment is due in each year in which the Sponsor is entitled to claim an SSRC, an Annual Special Source Revenue Credit Certification, the form of which is attached as Exhibit C (the “Certification”), showing the amount of aggregate investment inqualifying infrastructure and the calculation of the SSRC.


More Definitions of Special Source Revenue Credit

Special Source Revenue Credit means the credit against the fee in lieu of tax payments
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Special Source Revenue Credit means the credit against the Company’s fee in lieu of tax payments, to reimburse the Company for the Cost of the Project Property, in the amounts set forth in Section 3.02 hereof.
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Related to Special Source Revenue Credit

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)

  • Short-Term Resource Procurement Target means, for Delivery Years through May 31, 2018, as to the PJM Region, for purposes of the Base Residual Auction, 2.5% of the PJM Region Reliability Requirement determined for such Base Residual Auction, for purposes of the First Incremental Auction, 2% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, for purposes of the Second Incremental Auction, 1.5% of the of the PJM Region Reliability Requirement as calculated at the time of the Base Residual Auction; and, as to any Zone, an allocation of the PJM Region Short-Term Resource Procurement Target based on the Preliminary Zonal Forecast Peak Load, reduced by the amount of load served under the FRR Alternative. For any LDA, the LDA Short-Term Resource Procurement Target shall be the sum of the Short-Term Resource Procurement Targets of all Zones in the LDA.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Disposable earnings means that part of the earnings of an

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Baseline actual emissions means the rate of emissions, in tons per year, of a regulated NSR pollutant, as determined in accordance with paragraphs (i) through (iv) of this definition.

  • New M&O Revenue means the total State and local Maintenance and Operations Revenue that District actually received for such school year.

  • Original M&O Revenue means, with respect to any school year, the total State and local Maintenance and Operations Revenue that the District would have received for the school year under the Applicable School Finance Law had this Agreement not been entered into by the Parties and the Applicant’s Qualified Property been subject to the ad valorem maintenance and operations tax at the tax rate actually adopted by the District for the applicable Tax Year. For purposes of this calculation, the Third Party will base its calculations upon actual local Taxable Values for each applicable Tax Year as certified by the Appraisal District for all taxable accounts in the District, except that with respect to the Applicant’s Qualified Property during the Tax Limitation Period, such calculations shall use the Taxable Value for each applicable Tax Year of the Applicant’s Qualified Property which is used for the calculation of the District’s tax levy for debt service (interest and sinking fund) ad valorem tax purposes. For the calculation of Original M&O Revenue, the Taxable Value for Applicant’s Qualified Property for maintenance and operations ad valorem tax purposes will not be used during the Tax Limitation Period.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Plan for moderate income housing means a written document adopted by

  • Projected actual emissions means the maximum annual rate, in tons per year, at which an existing emissions unit is projected to emit a regulated NSR pollutant in any one of the 5 years (12-month period) following the date the unit resumes regular operation after the project, or in any one of the 10 years following that date, if the project involves increasing the emissions unit’s design capacity or its potential to emit that regulated NSR pollutant, and full utilization of the unit would result in a significant emissions increase, or a significant net emissions increase at the major stationary source.