Tax-supported debt definition

Tax-supported debt means: (1) General obligation bonds of the state; (2) moral obligation bonds of the state or a spending unit; (3) capital leases, installment purchases, lease purchases, mortgages, certificates of participation and any other similar debt financing transaction extending beyond one year issued by the state or its spending units; and (4) any other debt issued by the state or a spending unit which is not self-supporting. Debt issued by the West Virginia housing development fund, economic development authority, hospital finance authority, parkway authority, public energy authority, solid waste management board and water development authority, with the exception of debt secured by lottery revenues or secured by a lease with the Secretary of Administration, is not tax-supported debt.
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Tax-supported debt means: (1) All obligations of the state or any spending unit to which the state’s full faith and credit is pledged to pay directly or by guarantee (provided that any such guaranteed obligations shall be included only to the extent any such obligations are in default); and (2) all obligations of the state or any agency or authority thereof extending beyond one year with respect to the lease, occupancy or acquisition of property which are incurred in connection with debt financing transactions, including, but not limited to, certificates of participation, and which are payable from taxes, fees, permits, licenses and fines imposed or approved by the Legislature.
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Tax-supported debt means: (1) General obligation bonds
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Examples of Tax-supported debt in a sentence

  • Tax supported debt service excludes interest allocations to proprietary fund departments and other debt service fund revenues.

  • Tax supported debt issued to finance General County projects shall generally be limited to a twenty-year maturity, and have an average life of less than ten years.

  • Debt Service in Comparison to Sales Tax Revenue Policy Goal: Tax supported debt service shall not exceed County sales and use tax revenues.

  • If Holiday Pay is taken as a vacation day, this additional time must be taken within the standard time for computing vacation days.

  • TABLE 4‌DEBT AFFORDABILITY INDICATORS Policy Goal: Tax supported debt service shall not exceed County sales and use tax revenues.

  • The appropriate director is further authorized to file all papers and execute all documents neces- sary to receive the funds accepted under this ordinance, and upon acceptance of the funds by the appropriate director, they shall be appropriated for the purposes set forth in this ordinance.

  • Tax supported debt issued to finance General County projects shall generally be limited to no more than a thirty-year maturity, and have an average life of less than sixteen years.

  • Tax supported debt charges are $35 million, or 3.7 per cent of total expenditures.This represents a significant decline in the historical trend and suggests that HRM has significant capacity to increase its stock of debt.

  • Topic: "Medicare, Direct Access, and Other Issues Affecting Practice in Florida".American Academy of Dermatology, Medicare Carrier Advisory Representatives, Toronto, July 16, 1993.

  • Tax supported debt per dwelling will be reduced by 3% each year, while Capital from Operating per dwelling will grow by 3% each year (after the consumer price index).


More Definitions of Tax-supported debt

Tax-supported debt means, collectively, with the exceptions noted in the Debt Ceiling Act, any District general obligation bonds, Treasury capital-project loans, tax-supported revenue bonds, notes or other debt instruments secured by revenues derived from taxes, fees, or other general revenues of the District, or its agencies and authorities, pursuant to the District’s power to tax and impose fees, including tax increment financing bonds and PILOT notes, certificates of participation and lease purchase financing obligations.
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Tax-supported debt means: (1) General obligation bonds of
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Tax-supported debt means debt that is to be recovered from non-water and sewer revenues sources and includes growth related debt. Repayment of this growth- related debt (principal and interest) shall be recoverable through the Township’s development charges.
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Related to Tax-supported debt

  • Contribution Indebtedness means Indebtedness, Disqualified Stock or Preferred Stock of an Issuer or any Subsidiary Guarantor in an aggregate principal amount not greater than the aggregate amount of cash contributions (other than Excluded Contributions) made to the capital of such Issuer or such Guarantor after the Issue Date, provided that:

  • Refinancing Indebtedness means Indebtedness of the Issuer or any Restricted Subsidiary to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism) any Indebtedness existing on the date of this Indenture or Incurred in compliance with this Indenture including Indebtedness that refinances Refinancing Indebtedness; provided, however, that:

  • Transaction Expenses means any fees, costs, or expenses incurred or paid by Holdings, the Borrower, or any of their respective Affiliates in connection with the Transactions, this Agreement, and the other Credit Documents, and the transactions contemplated hereby and thereby.