Examples of State debt service aid in a sentence
The State debt service aid percentage will equal 40% of the annual debt service due with respect to the final eligible costs of the projects.
The State debt service aid percentage will equal 40% of the annual debt service due with respect to the final eligible costs of the project.
N.J.A.C. 6A:26-10.2 Costs of lease-purchase agreements of five years or less This section provides that all costs incurred by school districts for lease-purchase agreements constitute debt service not eligible for State debt service aid under EFCFA.
Notwithstanding any provision of this subsection to the contrary, State debt service aid shall not be less than 40% of the preliminary eligible costs.
State debt service aid will be available for those portions of an ESIP that includes other non-energy savings improvements that will be paid through voter-approved debt.
For school bonds issued for a school facilities project after the effective date of P.L.2000, c.72 (C.18A:7G-1 et al.) and prior to the effective date of P.L.2008, c.39 (C.18A:7G-14.1 et al.), State debt service aid shall be calculated in accordance with the provisions of this section as the same read before the effective date of P.L.2008, c.39 (C.18A:7G-14.1 et al.).
N.J.A.C. 6A:26-20.9 Maintenance factor in State debt service aid This section sets forth how the maintenance factor is calculated when determining State debt service aid for existing school facilities when a school district fails to demonstrate a net investment of at least two percent in maintenance for the related school facility during the 10 years preceding issuance of school bonds.
The Board is authorized to expend on such project and issue bonds to fund such expenditure in an amount not to exceed $9,959.815.00 The State has agreed to provide annual State debt service aid in the amount of 40% of the project “final eligible costs” of $9,959,815.00.
N.J.A.C. 6A:26-3.8 Determination of State support for school facilities projects This section sets forth the formulas for calculation of State debt service aid and for determination of the grant amount for school districts that elect to apply for a grant.
This appropriation will fund State debt service aid on debt issued for school facilities projects approved prior to July 18, 2000, the effective date of the "Educational Facilities Construction and Financing Act," other than retroactive debt service funding provided under that law.