TDD Bond Fund definition

TDD Bond Fund means the fund, if any, within the TDD Sales Tax Fund established under the TDD Bond Documents to provide for the payment of the principal of and interest on the TDD Bonds.
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TDD Bond Fund means the fund maintained by the City that derives its revenues from the TDD sales tax generated in the TDD, and that is used to finance the TDD Improvements in the TDD.
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Examples of TDD Bond Fund in a sentence

  • If TDD Bonds are issued by the City, a TDD Bond Fund shall be created and administered by the City or its designee and will be utilized solely to repay the TDD Bonds and amounts, if any, required to pay rebate amounts.

  • The revenues from the TDD Sales Tax generated within the TDD Area shall be deposited in the TDD Bond Fund and utilized to pay the principal and interest on the TDD Bonds.

  • If TDD Bonds are issued by the City, A TDD Bond Fund shall be created and administered by the City or its designee and will be utilized solely to repay the TDD Bonds and amounts, if any, required to pay rebate amounts.

  • During the existence of the TDD, all TDD Sales Taxes generated within the TDD Area shall be deposited into the TDD Bond Fund, defined above, which shall be established and administered by the City in compliance with the laws of the State of Kansas and this Agreement.

  • The term “Net TDD Bond Proceeds” refers to the proceeds from the sale of the TDD Bonds which are available to be deposited in the TDD Bond Fund and which are less issuance costs, capitalized interest, and interest/debt service.

Related to TDD Bond Fund

  • Bond Fund means the fund by that name established pursuant to Section 5.02.

  • Escrowed Bonds means Municipal Obligations that (i) have been determined to be legally defeased in accordance with S&P’s legal defeasance criteria, (ii) have been determined to be economically defeased in accordance with S&P’s economic defeasance criteria and assigned a rating of AAA by S&P, (iii) are not rated by S&P but have been determined to be legally defeased by S&P or (iv) have been determined to be economically defeased by S&P and assigned a rating no lower than the rating that is S&P equivalent of S&P’s AAA rating. In the event that a defeased obligation which is an S&P Eligible Asset does not meet the criteria of an Escrowed Bond, such Municipal Obligation will be deemed to remain in the Issue Type Category into which it fell prior to such defeasance.

  • Refunded Bonds means the portion of the $660,000 of the Series G Bonds now outstanding that are stated to mature on December 1 in each of the years 2021 through 2025 that is to be refunded by the Bonds, as determined by the Fiscal Officer and specified in the Certificate of Award at the time of the sale of the Bonds in accordance with Section 2.

  • Series 2021 Bonds means, collectively, the Series 2021A Bonds and the Series 2021B Bonds.

  • State funds means any funds appropriated by the North Carolina General Assembly or collected by the State of North Carolina. State funds include federal financial assistance received by the State and transferred or disbursed to non-State entities. Both Federal and State funds maintain their identity as they are disbursed as financial assistance to other organizations.