Commencement Year definition

Commencement Year means the fiscal year in which tax increment revenues generated in a Project Area will be allocated to the District.
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Commencement Year means the first Fiscal Year after all of the conditions described in Section B below have been met.
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Examples of Commencement Year in a sentence

  • Each Fiscal Year, beginning with the Commencement Year, all property within CFD No. 9 shall be classified as either (i) Taxable Property, which shall be subject to the Special Tax in accordance with the rate and method of apportionment determined pursuant to Sections C and D below or (ii) Initial Public Property, which shall be exempt from the Special Tax pursuant to law and Section E below.

  • The Special Tax shall be levied for the period necessary to fully satisfy the Special Tax Requirement, but in no event shall it be levied for more than forty years commencing with the Commencement Year.

  • In the Commencement Year and each following Fiscal Year, the Council shall levy the Special Tax Proportionately on each Assessor’s Parcel of Taxable Property at up to 100% of the applicable Maximum Special Tax as needed to satisfy the Special Tax Requirement.


More Definitions of Commencement Year

Commencement Year means the Plan Year designated in a Specific-Year Election for the payment or commencement of benefits.
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Related to Commencement Year

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Commencement Date means the date of this Agreement.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.