STAR bond definition

STAR bond means a sales tax and revenue bond, note, or
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STAR bond means a sales tax and revenue bond, note, or other obligation payable from pledged STAR revenues and issued by a political subdivision, the proceeds of which shall be used only to pay project costs as defined in this Act.
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STAR bond means a sales tax and revenue bond.
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Examples of STAR bond in a sentence

  • The District may consist of multiple STAR bond project areas as delineated in one or more STAR bond project plans to be approved for property within the District.

  • Each active STAR bond project in the Wichita MSA supports distinctly different major tourism attractions and retail components.

  • The ultimate goal for STAR bond projects is to increase tourism and sales tax generation for the region and State.

  • The “tax increment” is the increase in sales tax revenue resulting from the difference between sales tax collection in the year a STAR bond district is established and the increased taxes collected following development of the commercial and tourism attraction.

  • Upon the conclusion43 of the public hearing and a finding by the director that the proposed project district is an44 eligible area, the governing body of the city or county shall pass an ordinance or resolution.45 (b) An ordinance or resolution for a STAR bond project district may establish the46 STAR bond project district, and such ordinance shall:47 a.

  • Such projects shall be eligible for7 financing by special obligation bonds payable from revenues described by subdivision (1)8 of subsection 1 of section 67.2072.9 (2) Each STAR bond project shall first be approved by the director, if the director10 determines that the proposed project or complex sufficiently promotes, stimulates, and11 develops the general and economic welfare of the state.

  • The PGAV Study concluded that continued development of the Derby Project District with the proposed Final Phase Project will not have a measurable adverse impact on visitor volumes, retail sales volumes and STAR bond revenues on those STAR Bond Districts with outstanding bond debt.

  • Nebraska should adopt a STAR bond program patterned after the Kansas program targeted at major retail anchor projects which have attractive tourism features.

  • The Kansas Secretary of Commerce ultimately approves the use of STAR bond proceeds within a STAR Bond Project District once the District is established by a governing body.

  • The STAR bond authority will sunset on July 1, 2007.49 Special obligation bonds and private activity bonds are not guaranteed by KDFA and are not included in the State’s balance sheet.


More Definitions of STAR bond

STAR bond or “STAR Bonds” means the Series 2012 STAR Bonds and any Additional STAR Bonds issued pursuant to Section 2.03 of the Indenture.
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STAR bond means Kansas sales tax revenue bond.
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Related to STAR bond

  • Senior Bonds means all Bonds issued as Senior Bonds in compliance with the provisions of the Indenture.

  • Municipal bond means a bond or evidence of indebtedness issued by a municipality or other political subdivision of a state.

  • Prior Bonds means the assessment bonds that are refunded in part or in whole by refunding assessment bonds.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Refunding Bond or “Refunding Bonds” means all or a portion of the

  • Bonds means any bonds (including refunding bonds), notes, interim certificates, certificates of indebtedness, debentures or other obligations.

  • School Bonds means School Obligations issued as Bonds.

  • Preferred Security means an undivided beneficial interest in the assets of the Trust, having a Liquidation Amount of $1,000 and having the rights provided therefor in this Trust Agreement.