Examples of Unrestricted Cash and Investments in a sentence
In those years when total fund revenues exceed total fund expenses, the resulting Unrestricted Cash and Investments shall be used to stabilize and reduce the tax subsidy.
Borrower shall maintain Unrestricted Cash and Investments on hand of not less than 150 days.
Consequently, the adjusted amount of the transferred cash and investments is shown as an Auditor-Controller adjustment increasing Unrestricted Cash and Investments as of January 31, 2012 to $40,147,948.
By doing so, the City of Beloit intends to stabilize long-term rates, reduce tax subsidies, and provide guidance on appropriate uses of Unrestricted Cash and Investments.
Borrower shall maintain a ratio of Unrestricted Cash and Investments to Indebtedness of not less than 0.5. This covenant shall be tested semi-annually as of each February 28 and August 30 during the term of this Agreement.