Lawfully available funds definition

Lawfully available funds means revenues or other moneys of a public body including, but not limited to, moneys credited to the general fund of the public body, revenues from an ad valorem tax and revenues derived from other taxes levied by the public body that are not dedicated, re- stricted or obligated by law or contract to an inconsistent expenditure or use.
Lawfully available funds means revenues or other moneys of a public body including, but
Lawfully available funds means, collectively, the funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever on deposit with or accruing from time to time to the Issuer, including, but not limited to, all revenues, income and receipts received by the Issuer and deposited to its general fund, provided that no such funds, income, revenue, fees, receipts or charges shall be so included in this definition which have been or are legally dedicated and required for purposes inconsistent with the Airport System by the electorate, by the terms of specific grants, by the terms of particular obligations issued or by operation of law, and provided further that the full faith and credit of the Issuer is not pledged and there is no obligation to levy or increase taxes or other sources of revenue above any legal limits applicable to the Issuer from time to time.

Examples of Lawfully available funds in a sentence

  • Lawfully available funds of the City are hereby authorized and appropriated in the amounts necessary for such purpose.


More Definitions of Lawfully available funds

Lawfully available funds means, collectively, the funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever on deposit with or accruing from time to time to the Borrower, provided that no such funds, income, revenue, fees, receipts or charges shall be so included in this definition which have been or are in the future legally dedicated and required for other purposes by the electorate, by the terms of specific grants, by the terms of particular obligations issued or to be issued (to the extent pledged or budgeted to pay debt service on such other obligations) or by operation of law, and provided further that the full faith and credit of the Borrower is not pledged, and there is no obligation to levy or increase taxes or other sources of revenue above any legal limits applicable to the Borrower from time to time.
Lawfully available funds means funds available for distributions and settlements of intercompany accounts, subject to any applicable regulatory requirements or limits on transfers and, with respect to the payment of dividends, subject to any limitations imposed by the General Corporation Law of the State of Delaware.
Lawfully available funds means revenues or other moneys of
Lawfully available funds means revenues or other moneys of a public body includ-
Lawfully available funds means re- venues or other moneys of a public body in- cluding, but not limited to, moneys credited to the general fund of the public body, re- venues from an ad valorem tax and revenues derived from other taxes levied by the public body that are not dedicated, restricted or ob- ligated by law or contract to an inconsistent expenditure or use.
Lawfully available funds means re- venues or other moneys of a governmental unit from whatever source derived, including but not limited to moneys credited to the governmental unit′s general fund, revenues from an ad valorem tax authorized to be levied under the governmental unit′s perma- nent rate limit under sections 11 and 11b, Article XI of the Oregon Constitution, and revenues derived from other taxes levied by the governmental unit in accordance with and subject to limitations and restrictions imposed under applicable law or contract, that are not dedicated, restricted or obligated by law or contract to an inconsistent ex- penditure or use.
Lawfully available funds means, collectively, the funds, income, revenue, fees, receipts or charges of any nature from any source whatsoever, including, but not limited to, the avails or proceeds of the City Sales Tax and the avails or proceeds of the Parish General Sales Tax on deposit in the City-Parish General Fund, excluding funds on deposit therein required to pay principal and interest on the City Senior Lien Bonds and to pay principal and interest on the Parish Senior Lien Bonds, as the case may be, provided that no such funds, income, revenue, fees, receipts or charges shall be so included in this definition which have been or are in the future legally dedicated and required for other purposes by the electorate, by the terms of specific grants, by the terms of particular obligations, including the obligations described above, issued or to be issued (to the extent pledged or budgeted to pay debt service on such other obligations) or by statute or operation of law. Lawfully Available Funds does not include the avails or proceeds of the Parish Sewer Sales Tax, the Sewer User Fees or the Tax.