Building Aid definition

Building Aid means the State school building aid described in the Assignment.
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Building Aid means the State school building aid described in the Assignment. “Building Aid Subaccount” means the subaccount of the Collection Account so designated and held by the Trustee pursuant to Section 501.
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Examples of Building Aid in a sentence

  • Building Aid shall be deposited in such Sinking Fund pursuant to the Indenture, which deposits may be adjusted to recognize early retirement of Bonds and earnings and profits on Eligible Investments in the Sinking Fund (if required by the Authority’s tax covenants or directed by Officer’s Certificate to be retained therein) and shall be provided for as Annual School Bond Debt Service.

  • Earnings thereon shall be transferred to the Collection Account as Building Aid or Tax Revenues, or otherwise applied in accordance with the Tax Code pursuant to an Officer’s Certificate.

  • Building Aid Revenue Bonds are not secured by Tax Revenues described below.

  • The Authority does not have any significant assets or sources of funds other than the Tax Revenues and State Building Aid and amounts on deposit pursuant to the Indenture.

  • To the extent collections from the Tax Revenues are insufficient during the Collection Quarter to provide for payment requirements in the Pre-07 S-1 Parity Subaccount of the Recovery and Parity Debt Account, the Trustee will transfer State Building Aid from the Building Aid Subaccount in the amount of any such deficiency on the last Business Day of the Collection Quarter.

  • Failure to apply for Building Aid funding will result in an adjustment to approved capital costs to reduce reimbursement through the tuition rate to the level of funding that would have resulted if the provider had applied for Building Aid.

  • State Transportation Aid, BOCES Aid and Building Aid when not applicable to a Dormitory Authority project are offsetting revenues for Special Act School Districts (SASD).

  • SASDs, public school districts and BOCES are required to fully access available Building Aid funding for all capital projects.

  • To the extent collections from the Tax Revenues are insufficient during the Collection Quarter to provide for payment requirements in the Pre-07 S-1 Senior Subaccount of the Bond Account, the Trustee will transfer State Building Aid from the Building Aid Subaccount in the amount of any such deficiency on the last Business Day of the Collection Quarter.

  • School Building Aid) Of the funds appropriated in Part IA for School Building Aid, $500,000 shall be allocated on a K-12 per pupil basis to Multi-District Area Vocational Schools.

Related to Building Aid

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Building means any structure used or intended for supporting or sheltering any use or occupancy.

  • Buildings means any and all buildings, structures, garages, utility sheds, workrooms, air conditioning towers, open parking areas and other improvements, and any and all additions, alterations, betterments or appurtenances thereto, now or at any time hereafter situated, placed or constructed upon the Land or any part thereof.