Redevelopment Obligation Retirement Fund definition

Redevelopment Obligation Retirement Fund means the fund established and held by the Successor Agency pursuant to Section 34170.5(a) of the California Health and Safety Code.
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Redevelopment Obligation Retirement Fund means the fund by that name established pursuant to California Health and Safety Code Section 34170.5(a) and administered by the Successor Agency.
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Redevelopment Obligation Retirement Fund means the fund by that name established pursuant to Section 34170.5(a) of the Law and administered by the Agency.
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Examples of Redevelopment Obligation Retirement Fund in a sentence

  • Prior to the payment in full of the principal of and interest and redemption premium (if any) on the Bonds and the payment in full of all other amounts payable hereunder and under any Supplemental Indentures, the Successor Agency shall not have any beneficial right or interest in the moneys on deposit in the Redevelopment Obligation Retirement Fund, except as may be provided in this Indenture and in any Supplemental Indenture.

  • Moneys in the Redevelopment Obligation Retirement Fund may be invested by the Successor Agency in any obligations in which the Successor Agency is legally authorized to invest its funds.

  • The Successor Agency has heretofore established the Redevelopment Obligation Retirement Fund pursuant to Section 34170.5(a) of the Law which the Successor Agency shall continue to hold and maintain so long as any of the Bonds are Outstanding.

  • From July 1, 2014, to July 1, 2018, inclusive, “housing entity administrative cost allowance” means an amount of up to 1 percent of the property tax allocated to the Redevelopment Obligation Retirement Fund on behalf of the successor agency for each applicable fiscal year, but not less than one hundred fifty thousand dollars ($150,000) per fiscal year.

  • The Successor Agency shall deposit all of the Tax Revenues received with respect to any Semiannual Period into the Redevelopment Obligation Retirement Fund promptly upon receipt thereof by the Successor Agency.


More Definitions of Redevelopment Obligation Retirement Fund

Redevelopment Obligation Retirement Fund means the fund created within the treasury of the Successor Agency pursuant to Section 34170.5 of the Health and Safety Code.
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Redevelopment Obligation Retirement Fund means the fund established and held by the Successor Agency pursuant to Section 34170.5(a) of the Redevelopment Law.
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Redevelopment Obligation Retirement Fund means the fund established, held and maintained by the Agency pursuant to Section 34170.5(a) of the Law.
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Redevelopment Obligation Retirement Fund means the fund created within the treasury of the Agency pursuant to Section 34170.5 of the Dissolution Act.
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Redevelopment Obligation Retirement Fund means the fund by that name established and held by the Successor Agency pursuant to HSC Section 34170.5.
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Redevelopment Obligation Retirement Fund means the fund by that name referenced in Section 4.02 of this Indenture.
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Redevelopment Obligation Retirement Fund means the fund established and held by the Successor Agency pursuant to Section 34170.5(a) of the Redevelopment Law. In the event that the provisions of the Dissolution Act relating to the Redevelopment Property Tax Trust Fund are determined by a court in a final judicial decision to be invalid and, in place of the invalid provisions, provisions of the Redevelopment Law or the equivalent shall become applicable to the Bonds, then the term “Redevelopment Property Tax Trust Fund” shall mean the special fund which is established under the Redevelopment Law.
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