{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-bonds", "type": "clause", "offset": [55, 64]}, {"key": "financed-facilities", "type": "definition", "offset": [77, 96]}, {"key": "by-the-city", "type": "clause", "offset": [115, 126]}, {"key": "spending-exceptions", "type": "definition", "offset": [162, 181]}], "samples": [{"hash": "5xikqPQyTk8", "uri": "/contracts/5xikqPQyTk8#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 21.2760426218, "published": true}, {"hash": "bv6O4XKomBy", "uri": "/contracts/bv6O4XKomBy#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 21.0, "published": true}], "snippet": "(1) The two-year spending exception is unavailable for the Bonds because the Financed Facilities will not be owned by the City.\n(2) The following optional rebate spending exceptions can apply to the Bonds:\n(A) 6-month Exception (Code \u00a7 148(f)(2)(b) and Regulation \u00a7 1.148-7(c))\n(B) 18-month Exception (Regulation \u00a7 148-7(d)).", "size": 2, "hash": "7afedbd5ab65c53b4d15e8234144c443", "id": 1}, {"snippet_links": [{"key": "available-construction-proceeds", "type": "definition", "offset": [46, 77]}, {"key": "for-construction", "type": "clause", "offset": [91, 107]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [111, 138]}, {"key": "by-the-city", "type": "clause", "offset": [158, 169]}, {"key": "spending-exceptions", "type": "definition", "offset": [205, 224]}, {"key": "new-money-portion", "type": "definition", "offset": [242, 259]}, {"key": "refunding-portion", "type": "definition", "offset": [268, 285]}, {"key": "and-regulations", "type": "clause", "offset": [337, 352]}, {"key": "investment-earnings", "type": "clause", "offset": [655, 674]}, {"key": "project-fund", "type": "clause", "offset": [719, 731]}], "samples": [{"hash": "lo37ZwruvCU", "uri": "/contracts/lo37ZwruvCU#applicable-spending-exceptions", "label": "Fourth Supplemental Lease Purchase Agreement", "score": 26.3470225873, "published": true}, {"hash": "k5STeT4NxVB", "uri": "/contracts/k5STeT4NxVB#applicable-spending-exceptions", "label": "Fourth Supplemental Lease Purchase Agreement", "score": 26.3470225873, "published": true}], "snippet": "(1) The City expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City.\n(2) The following optional rebate spending exceptions can apply to the New Money Portion and the Refunding Portion: \u2022 6-month spending exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c)). \u2022 18-month spending exception (Regulations \u00a7 1.148-7(d)). \u2022 2-year spending exception (Code \u00a7 148(f)(4)(C) and Regulations \u00a7 1.148-7(e)). R efunding Portion: \u2022 6-month spending exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c)).\n(3) The City expects to earn approximately $ in investment earnings on proceeds of the New Money Portion in the Project Fund.", "size": 2, "hash": "f90b9bdcb54f07967bad37ea79524088", "id": 2}, {"snippet_links": [{"key": "spending-exceptions", "type": "definition", "offset": [30, 49]}, {"key": "the-bonds", "type": "clause", "offset": [63, 72]}, {"key": "and-regulations", "type": "clause", "offset": [122, 137]}], "samples": [{"hash": "9vzGS6x17sB", "uri": "/contracts/9vzGS6x17sB#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 31.9385208503, "published": true}], "snippet": "The following optional rebate spending exceptions can apply to the Bonds: 6-month spending exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c)).", "size": 2, "hash": "519540ad6255dd270c90277ea6c82be4", "id": 3}, {"snippet_links": [{"key": "available-construction-proceeds", "type": "definition", "offset": [45, 76]}, {"key": "for-construction", "type": "clause", "offset": [90, 106]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [110, 137]}, {"key": "by-the-city", "type": "clause", "offset": [157, 168]}, {"key": "spending-exceptions", "type": "definition", "offset": [204, 223]}, {"key": "the-certificates", "type": "definition", "offset": [237, 253]}, {"key": "and-regulations", "type": "clause", "offset": [298, 313]}], "samples": [{"hash": "cnUrutneYvE", "uri": "/contracts/cnUrutneYvE#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 24.832991102, "published": true}], "snippet": "(1) The City expect that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City.\n(2) The following optional rebate spending exceptions can apply to the Certificates:\n(a) 6-month Exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c))\n(b) 18-month Exception (Regulations \u00a7 1.148-7(d)).\n(c) 2-year Exception (Code \u00a7 148(f)(4)(C) and Regulations \u00a7 1.148-7(e)).", "size": 2, "hash": "27c4c5eb980d48f54e25476936d5d455", "id": 4}, {"snippet_links": [{"key": "available-construction-proceeds", "type": "definition", "offset": [46, 77]}, {"key": "for-construction", "type": "clause", "offset": [91, 107]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [111, 138]}, {"key": "by-the-city", "type": "clause", "offset": [158, 169]}, {"key": "investment-earnings", "type": "clause", "offset": [223, 242]}, {"key": "project-fund", "type": "clause", "offset": [274, 286]}, {"key": "spending-exceptions", "type": "definition", "offset": [322, 341]}, {"key": "the-certificates", "type": "definition", "offset": [355, 371]}, {"key": "and-regulations", "type": "clause", "offset": [416, 431]}], "samples": [{"hash": "3jnBV9sAkuc", "uri": "/contracts/3jnBV9sAkuc#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 25.8643021899, "published": true}], "snippet": "(1) The City expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City. The City expects to earn approximately $9,100.00 in Investment earnings on Certificate proceeds in the Project Fund.\n(2) The following optional rebate spending exceptions can apply to the Certificates:\n(A) 6-month Exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c)).\n(B) 18-month Exception (Regulations \u00a7 1.148-7(d)).\n(C) 2-year Exception (Code \u00a7 148(f)(4)(C) and Regulations \u00a7 1.148-7(e)).", "size": 2, "hash": "8834f53d67db6115d6182634ef27b5e7", "id": 5}, {"snippet_links": [{"key": "of-the-corporation", "type": "clause", "offset": [58, 76]}, {"key": "the-county", "type": "definition", "offset": [78, 88]}, {"key": "available-construction-proceeds", "type": "definition", "offset": [121, 152]}, {"key": "for-construction", "type": "clause", "offset": [166, 182]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [186, 213]}, {"key": "by-the-corporation", "type": "clause", "offset": [233, 251]}, {"key": "spending-exceptions", "type": "definition", "offset": [287, 306]}, {"key": "the-bonds", "type": "clause", "offset": [320, 329]}, {"key": "and-regulations", "type": "clause", "offset": [381, 396]}], "samples": [{"hash": "9FMNfTZsRNW", "uri": "/contracts/9FMNfTZsRNW#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 32.0945508023, "published": true}], "snippet": "(1) The Corporation and (based solely on the expectations of the Corporation) the County expect that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the Corporation.\n(2) The following optional rebate spending exceptions can apply to the Bonds: \u2022 6-month spending exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c)). \u2022 18-month spending exception (Regulations \u00a7 1.148-7(d)). \u2022 2-year spending exception (Code \u00a7 148(f)(4)(C) and Regulations \u00a7 1.148-7(e)).", "size": 1, "hash": "bc4e10ededfcaf37f999907a1a5b6d77", "id": 6}, {"snippet_links": [{"key": "spending-exceptions", "type": "definition", "offset": [30, 49]}, {"key": "the-bonds", "type": "clause", "offset": [63, 72]}], "samples": [{"hash": "f4faMgPjj7S", "uri": "/contracts/f4faMgPjj7S#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 33.4003461695, "published": true}], "snippet": "The following optional rebate spending exceptions can apply to the Bonds:", "size": 1, "hash": "7042c54ff6e3c0f2127f0838bc053c89", "id": 7}, {"snippet_links": [{"key": "available-construction-proceeds", "type": "definition", "offset": [47, 78]}, {"key": "for-construction", "type": "clause", "offset": [92, 108]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [112, 139]}, {"key": "by-the-issuer", "type": "clause", "offset": [159, 172]}, {"key": "earnings-on-bond-proceeds", "type": "clause", "offset": [231, 256]}, {"key": "project-fund", "type": "clause", "offset": [264, 276]}, {"key": "spending-exceptions", "type": "definition", "offset": [312, 331]}, {"key": "the-bonds", "type": "clause", "offset": [345, 354]}, {"key": "and-regulations", "type": "clause", "offset": [399, 414]}], "samples": [{"hash": "22UmqNF9HPX", "uri": "/contracts/22UmqNF9HPX#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 33.5601345055, "published": true}], "snippet": "(1) The Issuer expect that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the Issuer. The Issuer expects to earn approximately $ in Investment earnings on Bond proceeds in the Project Fund.\n(2) The following optional rebate spending exceptions can apply to the Bonds:\n(i) 6-month Exception (Code \u00a7 148(f)(4)(B) and Regulations \u00a7 1.148-7(c))\n(ii) 18-month Exception (Regulations \u00a7 1.148-7(d))\n(iii) 2-year Exception (Code \u00a7 148(f)(4)(C) and Regulations \u00a7 1.148-7(e)).", "size": 1, "hash": "3c7b56ad56ff8063672bf5ce65e429eb", "id": 8}, {"snippet_links": [{"key": "spending-exceptions", "type": "definition", "offset": [28, 47]}, {"key": "the-code", "type": "clause", "offset": [73, 81]}, {"key": "the-regulations", "type": "clause", "offset": [108, 123]}, {"key": "the-note", "type": "clause", "offset": [138, 146]}], "samples": [{"hash": "kNXsBgIYRnv", "uri": "/contracts/kNXsBgIYRnv#applicable-spending-exceptions", "label": "Tax Compliance Agreement", "score": 21.1232032854, "published": true}], "snippet": "The 6-month optional rebate spending exceptions (Section 148(f)(2)(B) of the Code and Section 1.148-7(c) of the Regulations) can apply to the Note.", "size": 1, "hash": "27d07cc4b6c710a4240cdc92a0717dc0", "id": 9}, {"snippet_links": [{"key": "spending-exceptions", "type": "definition", "offset": [30, 49]}, {"key": "the-certificates", "type": "definition", "offset": [63, 79]}, {"key": "available-construction-proceeds", "type": "definition", "offset": [127, 158]}, {"key": "for-construction", "type": "clause", "offset": [172, 188]}, {"key": "rehabilitation-expenditures", "type": "definition", "offset": [192, 219]}, {"key": "by-the-city", "type": "clause", "offset": [239, 250]}, {"key": "and-regulations", "type": "clause", "offset": [389, 404]}], "samples": [{"hash": "buyGK3hI40r", "uri": "/contracts/buyGK3hI40r#applicable-spending-exceptions", "label": "Lease Purchase Agreement", "score": 23.7980835044, "published": true}], "snippet": "The following optional rebate spending exceptions can apply to the Certificates:\n(1) The City expects that at least 75% of the Available Construction Proceeds will be used for construction or rehabilitation expenditures for property owned by the City.\n(2) The following optional rebate spending exceptions can apply to the Certificates:\n(A) 6-month spending exception (Code \u00a7 148(f)(4)(B) and Regulations\n\u00a7 1. 148-7(c)) (B) 18-month spending exception (Regulations \u00a7 1.148-7(d)).", "size": 1, "hash": "686ce15cc44d261f9f1e098c650cb03f", "id": 10}], "next_curs": "CmcSYWoVc35sYXdpbnNpZGVyY29udHJhY3RzckMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IidhcHBsaWNhYmxlLXNwZW5kaW5nLWV4Y2VwdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["eighteen-month-exception", "Eighteen-Month Exception"], ["documenting-application-of-spending-exception", "Documenting Application of Spending Exception"], ["six-month-exception", "Six-Month Exception"]], "parents": [["certain-gross-proceeds-exempt-from-the-rebate-requirement", "Certain Gross Proceeds Exempt From the Rebate Requirement"], ["exemption-of-certain-gross-proceeds-from-the-rebate-requirement", "Exemption of Certain Gross Proceeds From the Rebate Requirement"], ["arbitrage-investment-and-rebate-instructions", "ARBITRAGE INVESTMENT AND REBATE INSTRUCTIONS"], ["miscellaneous", "MISCELLANEOUS"], ["foreign-account-tax-compliance-act", "Foreign Account Tax Compliance Act"]], "size": 18, "title": "Applicable Spending Exceptions", "id": "applicable-spending-exceptions", "related": [["leave-policies", "Leave Policies", "Leave Policies"], ["flexible-spending-accounts", "Flexible Spending Accounts", "Flexible Spending Accounts"], ["flexible-spending-account", "Flexible Spending Account", "Flexible Spending Account"], ["defined-contribution-plans", "Defined Contribution Plans", "Defined Contribution Plans"], ["insurance-plans", "Insurance Plans", "Insurance Plans"]], "related_snippets": [], "updated": "2025-07-07T12:37:48+00:00"}, "json": true, "cursor": ""}}