Examples of Nontax Revenues in a sentence
City's Obligation to Make Payments Not Debt: Payments Limited to Nontax Revenues.
Nothing herein shall be construed as requiring the County to use or apply to the payment of principal and interest on the Bonds any funds or revenues from any source other than Nontax Revenues.
There is hereby created a separate account or fund designated as the “Top of the Hill Retirement Fund” (the Note Fund) into which Nontax Revenues shall be deposited on or prior to the date of maturity of the Notes in an amount sufficient to pay Note service charges on the Notes.
All books and documents in the City’s possession relating to the Project and the Nontax Revenues shall be open at all times during the City’s regular business hours to inspection by such accountants or other agents of the holder of the Notes as the holder of the Notes may from time to time designate.
The Notes and the Bonds shall be special obligations of the City, and the Note service charges on the Notes and the debt charges on any Bonds issued to retire the Notes shall be payable solely from the Nontax Revenues, and the payment of Note service charges is secured by a pledge of and lien on the Nontax Revenues on deposit in the Bond Fund, as described below.