Federally Taxable Build America Bonds definition

Federally Taxable Build America Bonds means for purposes of this resolution, any emission of Bonds, the interest on which is includable in gross income of the holders thereof for federal income tax purposes and that, when issued, are “qualified bonds” within the meaning of Section 54AA(g)(2) of the Code qualifying to receive Direct Payment Credits;

Examples of Federally Taxable Build America Bonds in a sentence

• The County Mayor will cause to be filed with the transcript of proceedings for any emission of Federally Taxable Build America Bonds, a report of the Financial Adviser as to the factors taken into account by the Financial Advisor in recommending that any emission be issued as Federally Taxable Build America Bonds.

• If issued as Federally Taxable Build America Bonds, the County Mayor is directed to make the irrevocable election required under Section 54AA(g)(2) to qualify such emission of Bonds for Direct Payment Credits on each interest payment date.

• The County Mayor shall further designate and direct the deposit of the Direct Payment Credit with either the Registration Agent for the payment of the interest on the Federally Taxable Build America Bonds or with the County Trustee for deposit to the County’s Debt Service Fund.

• The Members’ Plan provides for certain conditions that must be satisfied (or waived) prior to Confirmation of the Members’ Plan and for certain other conditions that must be satisfied (or waived) prior to the Effective Date.

• The 2009B Bonds were issued as Federally Taxable, Build America Bonds and in order to avoid concerns of a reissuance eliminating the subsidy prior to the call date on the bonds to be refunded, the Authority is seeking the opportunity to lock in a fixed rate based on today’s market conditions for a loan that will be funded on January 1, 2019.

• SECOtfDED AtfD DULY CARRIED: Approve the District's policy on Continuing Compliance with Tax Law: Orange County Sanitation District Wastewater Revenue Obligations, Series 201OA (Federally Taxable Build America Bonds) STEERING COMMITTEE Chair Davert reported that the committee had received an update on state and federal legislative activity; approved minutes,and met in closed session.

• As discussed above, the Authority advance refunded a total of $698,500,000 of principal due on the 2009 Series B and 2010 Series C, Federally Taxable Build America Bonds with the 2019 Series A Transportation System Refunding Bonds.

• Note that sectoral collective agreements also cover the vast majority of employees in these firms.

• The U.S. Treasury subsidizes interest on the Federally Taxable Build America Bonds at the rate of 35%, and on the Federally Taxable Recovery Zone Economic Development Bonds at the rate of 45%.

• In 2010, we served as Bond Counsel to the City in connection with its $133,290,000 Electric Revenue Bonds, Issue of 2010A (Federally Taxable Build America Bonds- Direct Payment) and$7,090,000 Electric Revenue Bonds, Issue of 2010B (Tax Exempt; Bank Qualified),$56,450,000 Variable Rate Refunding Electric Revenue Bonds, Issue of 2011A.