Debt Service Fund definition

Debt Service Fund means the fund so designated in, and created pursuant to, Section 502 hereof.
Debt Service Fund means the Debt Service Fund of the District, which shall be the “special redemption fund” as such term is defined in the Act;
Debt Service Fund means the fund so designated and established by Article V hereof.

Examples of Debt Service Fund in a sentence

  • Revenues in the Debt Service Fund are based on property tax revenues, interest earnings and transfers from other funds.

  • Any unused monies can be used to fund similar projects as outlined by bond covenants and remaining excess funds will be transferred to the Debt Service Fund, provided that this complies with the bond covenant.

  • Reserves in the Debt Service Fund are designed to provide funding between the date of issuance of new debt and the time that property tax levies are adjusted to reflect the additional debt.

  • Reserved for debt service - An account that represents that portion of fund balance in the Debt Service Fund which is legally restricted and not available for spending for any other purpose than that for which it is restricted.

  • Revenues increased primarily due to local option sales tax increasing and expenditures decreased primarily due to a decrease in resurfacing asphalt project.• The Debt Service Fund ending fund balance increased approximately $270,000 over the prior year to approximately $3.2 million.


More Definitions of Debt Service Fund

Debt Service Fund means the fund by that name established pursuant to the Second Resolution.
Debt Service Fund means the fund by that name established and held by the Trustee pursuant to Section 4.03.
Debt Service Fund means the fund by that name referred to in Section 501 hereof.
Debt Service Fund means the fund by that name created in Section 4.1 of this Ordinance.
Debt Service Fund means the fund, however derived, set aside for the payment of principal and interest on contractor’s cer- tificates or bonds issued under this section.
Debt Service Fund means the fund by that name created in Section 401 of this Ordinance.