Reduced payment obligation definition

Reduced payment obligation means the full obligation of an owner of property
Reduced payment obligation means the full obligation of an owner of property within an assessment area to pay an assessment levied on the property after the assessment has been reduced because of the issuance of refunding assessment bonds, as provided in Section
Reduced payment obligation means the full obligation of an owner of property within an energy assessment area to pay an assessment levied on the property after the local entity has reduced the assessment because of the issuance of a refunding assessment bond, in accordance with Section 11-42a-403.

More Definitions of Reduced payment obligation

Reduced payment obligation means the full obligation of an owner of 2848 property within an assessment area to pay an assessment levied on the property after the 2849 assessment has been reduced because of the issuance of refunding assessment bonds, as 2850 provided in Section 11-42-608. 2851 [(47)] (46) "Refunding assessment bonds" means assessment bonds that a local entity 2852 issues under Section 11-42-607 to refund, in part or in whole, assessment bonds. 2853 [(48)] (47) "Reserve fund" means a fund established by a local entity under Section 2854 11-42-702. 2855 [(49)] (48) "Service" means: 2856 (a) water, sewer, storm drainage, garbage collection, library, recreation, 2857 communications, or electric service; 2858 (b) economic promotion activities; or 2859 (c) any other service that a local entity is required or authorized to provide. 2860 [(50)] (49) (a) "Sewer assessment area" means an assessment area that has as the 2861 assessment area's primary purpose the financing and funding of public improvements to 2862 provide sewer service where there is, in the opinion of the local board of health, substantial 2863 evidence of septic system failure in the defined area due to inadequate soils, high water table, 2864 or other factors proven to cause failure. 2865 (b) "Sewer assessment area" does not include property otherwise located within the 2866 assessment area: 2867 (i) on which an approved conventional or advanced wastewater system has been 2868 installed during the previous five calendar years; 2869 (ii) for which the local health department has inspected the system described in 2870 Subsection [(50)] (49)(b)(i) to ensure that the system is functioning properly; and 2871 (iii) for which the property owner opts out of the proposed assessment area for the 2872 earlier of a period of 10 calendar years or until failure of the system described in Subsection 2873 [(50)] (49)(b)(i). 2874 (50) "Special district" means a special district under Title 17B, Limited Purpose Local 2875 Government Entities - Special Districts 2876 (51) "Special service district" means the same as that term is defined in Section 2877 17D-1-102.
Reduced payment obligation means the full obligation of an owner of property 1515 within an assessment area to pay an assessment levied on the property after the assessment has 1516 been reduced because of the issuance of refunding assessment bonds, as provided in Section 1517 11-42-608. 1518 (45) "Refunding assessment bonds" means assessment bonds that a local entity issues 1519 under Section 11-42-607 to refund, in part or in whole, assessment bonds. 1520 (46) "Reserve fund" means a fund established by a local entity under Section 1521 11-42-702. 1522 (47) "Service" means water, sewer, garbage collection, library, recreation, or electric 1523 service, economic promotion activities, or any other service that a local entity is required or 1524 authorized to provide. 1525 (48) "Special service district" [means a special service district under Title 17A, 1526 Chapter 2, Part 13, Utah Special Service District Act] has the same meaning as defined in 1527 Section 17D-1-102. 1528 (49) "Unimproved property" means property upon which no residential, commercial, or 1529 other building has been built. 1530 (50) "Voluntary assessment area" means an assessment area that contains only property 1531 whose owners have voluntarily consented to an assessment. 1532 Section 21. Section 11-43-102 is amended to read: 1533 11-43-102. Memorials by political subdivisions. 1534 (1) As used in this section: 1535 (a) "Political subdivision" means any county, city, town, or school district. 1536 (b) "Political subdivision" does not mean a local district under Title 17B, Limited 1537 Purpose Local Government Entities - Local Districts, or a special service district under Title 1538 [17A] 17D, Chapter [2, Part 13, Utah] 1, Special Service District Act[, or a dependent district 1539 under Title 17A, Chapter 3, Dependent Districts]. 1540 (2) A political subdivision may authorize the use or donation of the political 1541 subdivision's land for the purpose of maintaining, erecting, or contributing to the erection or 1542 maintenance of a memorial to commemorate those individuals who have: 1543 (a) participated in or have given their lives in any of the one or more wars or military 1544 conflicts in which the United States of America has been a participant; or

Related to Reduced payment obligation

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.