Examples of Rate Stabilization Fund in a sentence
In Docket No. DW 11-026, the Commission authorized the creation of a Rate Stabilization Fund (RSF) that was initially funded at $5,000,000 and maintained in its entirety by PWW.
For purposes of this subsection (b), the amount of Net Revenues for a Fiscal Year will be computed by including in Gross Revenues all amounts transferred from the Rate Stabilization Fund during the Fiscal Year.
From time to time the City may deposit amounts in the Rate Stabilization Fund, from any source of legally available funds, including but not limited to Net Revenues that are released from the pledge and lien which secures the Installment Payments and any Parity Debt, as the City may determine.
Amounts on deposit in a Rate Stabilization Fund shall not be pledged to or otherwise secure the Installment Payments or any Parity Debt.
The City has the right at any time to withdraw any or all amounts on deposit in a Rate Stabilization Fund and apply such amounts for any lawful purposes of the City.