Examples of Nongovernmental Person in a sentence
Except as would not cause any Tax-Exempt 2022 Bond to become a “private activity bond” within the meaning of section 141 of the Code and the Tax Regulations and rulings thereunder, the Authority and the City shall not use Gross Proceeds of any Tax-Exempt 2022 Bond to make or finance loans to any Nongovernmental Person.
The investment in ICT will continue to increase to reflect the demand for information and communication requirements.
The security for, and payment of debt service on, the Loan is determined from both the terms of the Bond documents and on the basis of any underlying arrangement between the Recipient and a Nongovernmental Person.
Additional MREC ResourcesThe MREC Department Support Assistant secure office space with computer access, access to a copying machine and fax, a designated area to maintain filing cabinets, an archived storage area.
Absent an Opinion of Counsel, neither the Issuer nor the City will allow more than 10% of Sale Proceeds and Investment Proceeds of the Bonds or of the Project to be used directly or indirectly by any Nongovernmental Person in any trade or business, other than as a member of the general public.