DSL Credit definition
DSL Credit means an amount equivalent to the aggregate dollars received by the County through the imposition of the Bond-specific Debt Service Levy on the Incremental Valuation of the Development Property after July 1, 2023.
Examples of DSL Credit in a sentence
On or before July 1 of each year, beginning July 1, 2024, the City shall calculate the amount of the DSL Credit for the prior fiscal year and provide such calculation for review and approval by the County Auditor, and the County Auditor’s determination as to the amount of the DSL Credit for any fiscal year shall be final.