Examples of General Fund in a sentence
As provided in Section 514 of the Trust Agreement, the Authority hereby pledges and assigns all monies, including Investment Obligations, held to the credit of the General Fund in favor of the Trustee as security for payment of Junior Obligations, including the Series 2022A Junior Obligation Note and all obligations due and owing under the Credit Agreement, enforceable by the Trustee in accordance with the terms of the Trust Agreement.
This Note shall constitute a junior obligation under the Trust Agreement secured solely by a pledge of all moneys, including Investment Obligations, held to the credit of the General Fund established by the Trust Agreement.
The PILOT shall be calculated on the total cost to the General Fund for provision of basic municipal services.
Basic municipal services - all services provided by the City and funded by the General Fund.
The Trust Agreement also provides that the moneys in the General Fund and other revenues pledged to the payment of junior obligations shall in each fiscal year of such junior obligations be not less than one hundred per centum (100%) of the debt service requirements for such fiscal year and if insufficient, that the Authority shall increase any applicable charges to provide an amount of such moneys and other revenues sufficient to meet such debt service requirements on junior obligations.