Examples of IRB Act in a sentence
Able Grid qualifies under the IRB Act and the City’s Ordinance as a business in which all or part of the activities of the business involve the supplying of services to the general public or to governmental agencies or to a specific industry and as an electric generation facility.
Upon the issuance and sale of the Bonds, the conveyance of the Property and the Project to the City, and the execution and delivery of the Bond Lease, the Property and the Project will be exempt from real property ad valorem taxes pursuant to the provisions of Section 103.285 of the IRB Act, but shall be subject to the PILOT Payments set forth in this Agreement, in the School PILOT Agreement and under the Bond Lease.
The Developer hereby covenants and agrees to deliver to the City a fully executed copy of the School District PILOT Agreement prior to the date on which the State Local Debt Officer conducts the hearing required under the IRB Act (the “SLDO Hearing”).
The City declares an intent to issue, pursuant to the IRB Act, industrial revenue bonds, in one or more series, in an aggregate principal amount not to exceed $7,500,000 (or such other not-to-exceed amount mutually agreed upon by the City and the Developer) to finance the Project, subject to satisfaction of the conditions set forth in this Section 4.01.
Also certain Promotion Investment Incentives are only applicable to resident companies.Section 8 of the IRB Act 1995 provides that a company is considered a resident in Malaysia if the control and management of its affairs are exercised in Malaysia.
The IRB Act requires that the Issuer (City) prepare a cost benefit report, conduct a public hearing, adopt an ordinance authorizing the issuance of the revenue bonds and follow certain other procedural requirements prior to issuing revenue bonds.
BenefitsPursuant to Division 4 (IRB)Benefits Pursuant to Division 4 (IRB) (Act, ss 202(3)-(4)): Entitlement: 🞄 If a customer is receiving other compensation, a customer is entitled to receive a benefit pursuant to Division 4 for an employment the customer held at the date of the accident if the customer sustains a bodily injury caused by a motor vehicle and because of the bodily injury, the customer is unable to continue the employment.
Maxeon also qualifies under the IRB Act and the City’s Ordinance as a business providing manufacturing and assembly operations.
All persons requesting the issuance of IRBs are required to submit a Pre-Application (defined below), an Application (defined below) and a Project Plan (defined below) and proceed through the City’s Economic Development Staff (“Staff”) and City Council review process as provided in the IRB Act and in this Policy.
BlueHalo also qualifies under the IRB Act and the City’s Ordinance as a business providing manufacturing and assembly operations.