Volume Cap definition

Volume Cap means the amount or other limitation of ARRA Bonds allocated to each state and to counties and large municipalities within each state in accordance with Section 1400U-1(a)(4) of the Code, with respect to Recovery Zone Economic Development Bonds and Recovery Zone Facility Bonds, Section 54D(e)(1) of the Code, with respect to Qualified Energy Conservation Bonds, and any other section of the Code which imposes a volume cap limitation on any other Federal Bonds."

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Volume Cap means, with respect to each calendar year, the principal amount of cap bonds that may be issued in the state in a calendar year as determined under the provisions of the tax act."

Volume Cap means the dollar amount of any stimulus obligation allocated to the state or another public entity pursuant to the federal recovery and reinvestment act or any other federal law.

Examples of Volume Cap in a sentence

Subject to the City Abatement Volume Cap described in (b), the City shall pay the Developer the City Available Abatement each February 1 and August 1 (each, a “Payment Date”), commencing August 1, 2027, and terminating on February 1, 2042.
The ISD No. 721 does not warrant or represent that the ISD No. 721 Abatement in the amounts pledged under this Agreement will be within the ISD No. 721’s Abatement Volume Cap.
The County has not granted any other abatement under the Tax Abatement Act as of the date of this Agreement, and agrees that if the County grants any additional abatements under the Tax Abatement Act during the term of this Agreement, the County’s Abatement Volume Cap will be allocated first to the abatements granted prior to the date of this Agreement and to the City Abatement pledged pursuant to this Agreement.
The County does not warrant or represent that the County Abatement in the amounts pledged under this Agreement will be within the County’s Abatement Volume Cap.
The ISD No. 721 has not granted any other abatement under the Tax Abatement Act as of the date of this Agreement, and agrees that if the ISD No. 721 grants any additional abatements under the Tax Abatement Act during the term of this Agreement, the ISD No. 721’s Abatement Volume Cap will be allocated first to the abatements granted prior to the date of this Agreement and to the ISD No. 721 Abatement pledged pursuant to this Agreement.

More Definitions of Volume Cap

Volume Cap means the private activity bond volume cap for the state as computed under Section 146 of the code.

Volume Cap means, with respect to each calendar year, the principal amount of cap

Volume Cap means the volume cap for Recovery Zone Bonds for the State as computed under Sections 1400U-1 through U-3 of the Code, the Notice and related regulations.

Volume Cap means the volume cap for Qualified Energy Conservation Bonds for the State as computed under Section 54D of the Code, the Notice and related regulations.

Volume Cap means the bond volume limitation imposed by 26 USC Section 54A, 26 USC Section 54D and Treasury Notice 2009-29.

Volume Cap means tax-exempt bond volume cap as described in Section 146 of the

Volume Cap means the private activity bond volume cap for the state as computed