Examples of Proceeds Fund in a sentence
This bill further provides that all monies received by the corporation, including lottery proceeds, shall be deposited into the Lottery Proceeds Fund in the State Treasury and will be applied first to the payment of (1) operating expenses of the Corporation; and (2) all prizes.
Clarke Mississippi Lottery Law, authorize the Executive Director to issue a requisition for funds from the Lottery Proceeds Fund administered by the Department of Finance and Administration that are necessary for expenditures on lottery projects for the period March 1, 2024, through March 31, 2024.
The Proceeds Fund shall not be a part of the Trust Estate upon the funding of the Collateral Security Fund.
So long as payment has already been made or provided for with respect to the Payment Date in the month in which the Purchase Date occurs, any balance in the Collateral Security Interest Account following such Payment Date shall be, in the case of Bond proceeds, transferred to [the Rehabilitation Account of] the Proceeds Fund, or otherwise disbursed to the Borrowers (after application of moneys therein to pay the accrued interest on the Pass-Through Certificates).
The Trustee shall not be responsible for determining whether the funds on hand in the Proceeds Fund are sufficient to complete the Project.