Definition of Pollution Bonds


Pollution Bonds means bonds issued for the purpose of financing all or any part of the cost of facilities acquired or constructed for use by the Borrower or any Material Subsidiary; provided that, the interest on such bonds is exempt from tax under the Internal Revenue Code as in effect when the debt evidenced by such bonds is incurred.
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Examples of Pollution Bonds in a sentence

The table below highlights the legal limits of state guarantees and loans relative to the PDA as of June 30, 2011 (expressed in thousands): *Plus Interest **Plus interest (guarantee limit under this section is included in and also limited by RSA 162-A:22) RSA Guarantee Limit PRINCIPAL INTEREST TOTAL Water Pollution Bonds..........................................................................
The table below highlights the legal limits of state guarantees and loans relative to the PDA as of June 30, 2013 (expressed in thousands): *Plus Interest **Plus interest (guarantee limit under this section is included in and also limited by RSA 162-A:22) RSA Guarantee Limit PRINCIPAL INTEREST TOTAL Water Pollution Bonds..........................................................................