Special Tax B Requirement definition

Special Tax B Requirement means that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs of CFD No. 2006-1 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for (i) Services, and

Special Tax B Requirement means that amount required in any Fiscal Year for CFD No. 2011-2 to: (i) pay for Authorized Public Safety Services; (ii) pay a share of Administrative Expenses as determined by the CFD Administrator; (iii) pay for reasonably anticipated Special Tax B delinquencies based upon the historical delinquency rate for CFD No. 2011-2; less (iv) a credit for funds available to reduce the annual Special Tax B levy, as determined by the CFD Administrator.

Special Tax B Requirement means for each Fiscal Year, that amount required to: (i) pay the estimated cost of Special Tax B Services required for Native Plant Establishment for such Fiscal Year; (ii) accumulate funds for Special Tax B Services required for Native Plant Establishment provided that the inclusion of such amount does not increase the levy of Special Tax B on Undeveloped Property; (iii) pay for the actual shortfall due to Special Tax B delinquencies in the prior Fiscal Year; and (iii) less a credit for funds available to reduce the annual Special Tax B levy as determined by the Administrator.

Examples of Special Tax B Requirement in a sentence

• The Special Tax B shall be levied as long as necessary to meet the Special Tax B Requirement.

• SECTION JMETHOD OF APPORTIONMENT OF THE ANNUAL SPECIAL TAX BCommencing with Fiscal Year 2006-07 and for each subsequent Fiscal Year, the City Council shall levy the Annual Special Tax B Proportionately on each Assessor’s Parcel of Approved Property that has not paid the Annual Special Tax B in prior years, at up to 100% of the applicable Special Tax B rates in Table 3 to satisfy the Annual Special Tax B Requirement.

• To the extent that the Special Tax B Requirement is greater than the aggregate Maximum Annual Special Tax B, the Special Tax B collected shall first be allocated to pay Administrative Expenses not funded through the Special Tax A Requirement and then to pay for Authorized Public Safety Services.

• SECTION JMETHOD OF APPORTIONMENT OF THE ANNUAL SPECIAL TAX B Commencing with Fiscal Year 2005-06 and for each subsequent Fiscal Year, the City Council shall levy the Annual Special Tax B Proportionately on each Assessor’s Parcel of Approved Property that has not paid the Annual Special Tax B in prior years, at up to 100% of the applicable Special Tax B rates in Table 2 to satisfy the Annual Special Tax B Requirement.

• The Special Tax B shall then be levied Proportionately on each Assessor’s Parcel of Developed Property up to 100% of the applicable Maximum Special Tax B for such Assessor’s Parcel, until the Special Tax B Requirement is satisfied.

More Definitions of Special Tax B Requirement

Special Tax B Requirement means for any Fiscal Year that amount required, after taking into account available amounts in any funds and accounts established to pay for Services, to pay the cost of Services, a pro rata share of Administrative Expenses, and an

Special Tax B Requirement means that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs of CFD No. 2005-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for (i) Services, and (ii) Administrative Expenses; less (iii) a credit for funds available to reduce the Annual Special Tax B levy, if any, as determined by the CFD administrator. Under no circumstances shall the Special Tax B Requirement include funds for Bonds.

Special Tax B Requirement means the amount required in any Fiscal Year after taking into consideration available funds pursuant to the bond indenture: (1) to pay principal of and interest on all Outstanding Bonds of CFD No. 2011-1, (2) to pay Administrative Expenses attributable to such bonds and the levy and collection of the Special Taxes, (3) to pay costs of credit enhancement for such bonds and any amount required to be rebated to the United States with respect to such bonds, (4) to replenish the reserve fund for such bonds, and (5) to provide any amounts which the City Council determines are necessary to pay the costs of the provision, construction and acquisition of the Facilities and/or accumulate funds therefore prior to bond sale.

Special Tax B Requirement means, subject to the Maximum Special Tax B, that amount to be collected in any Fiscal Year to pay for certain services as required to meet the needs of CFD No. 2003-3 in both the current Fiscal Year and the next Fiscal Year. The costs of services to be covered shall be the direct costs for (i) Services, and (ii) Administrative Expenses (apportioned between

Special Tax B Requirement means for each Fiscal Year, that amount required to pay:

Special Tax B Requirement means for any Fiscal Year that amount required, after taking into account available amounts in any funds and accounts established to pay for Services, to pay the cost of Services, a pro rata share of Administrative Expenses, and an amount equal to Special Tax B delinquencies based on the historical delinquency rate for Special Tax B as determined by the CFD Administrator.

Special Tax B Requirement means the amount required in any Fiscal Year to pay for certain costs as required to meet the needs of CFD No. 2023-1 for Maintenance Services in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the (i) direct costs for Maintenance Services, (ii) amount necessary to fund an operating reserve for the costs of Maintenance Services as determined by the CFD Administrator, and (iii) Administrative Expenses applicable to the Special Tax B, less (iv) a credit in an amount equal to the Operating Fund Balance. Under no circumstances shall the Special Tax B Requirement include funds for bonds.