Examples of Permanent Rate in a sentence
The Budget Committee further resolves that $0.5038 per $1,000 of taxable assessed value is excluded from division of tax calculations, as the Permanent Rate Tax Levy attributable to the increase provided in section 11 (5)(d), Article XI of the Oregon Constitution (such increase is a result of the expiring Gap Tax Levy).
The Board further resolves that $0.5038 per $1,000 of taxable assessed value of the permanent rate tax levy noted above is excluded from division of tax calculations, as the Permanent Rate Tax Levy attributable to the increase provided in section 11 (5)(d), Article XI of the Oregon Constitution (such increase is a result of the expired Gap Tax Levy).
Bonds designated as Permanent Rate Bonds in the Officer’s Pricing Certificate shall bear interest at the fixed rate designated therein until maturity or prior redemption as specified in the Officer’s Pricing Certificate.
In addition and notwithstanding the foregoing or the provisions of Section3.04 of this Order, the Pricing Officer may initially designate one or more maturities of Bonds as Permanent Rate Bonds as set forth in the Officer’s Pricing Certificate.
If less than all of the Permanent Rate Bonds are to be redeemed pursuant to an optional redemption, the District shall determine the series and maturity or maturities and the amounts thereof to be redeemed and shall direct the Paying Agent/Registrar to call by lot the Bonds, or portions thereof, within such series and maturity or maturities and in such principal amounts for redemption.