School Bonds definition

School Bonds means School Obligations issued as Bonds.

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School Bonds means, in the case of a school facilities project

School Bonds means any Bonds allocable to proceeds used or to be used to fund the acquisition, construction, rehabilitation, or improvement of School Facilities.

Examples of School Bonds in a sentence

• On the Closing Date, VPSA will transfer a portion of the purchase price of all of the Local School Bonds ($ ) to the Depository for deposit in SNAP, see Exhibit A attached hereto.

• VPSA has determined that in order to fulfill its representations respecting the maintenance of the excludability of the interest on the VPSA Bonds from gross income for federal income taxation under Section 103 of the Code, VPSA must establish a mechanism to provide accountability for the custody, investment and disbursement of the proceeds of the Local School Bonds, which for purposes of the Code continue to be proceeds of the VPSA Bonds.

• The difference in the interest rates between the VPSA Bonds and the Local School Bonds shall be collected and retained by VPSA as partial payment of the administrative costs incurred by VPSA in connection with issuing, carrying, and repaying the VPSA Bonds, and the underwriting discount, if any, and the cost of purchasing, carrying, and selling or redeeming the Local School Bonds.

• The proceeds of the Local School Bonds shall be invested in accordance with the Information Statement, this Proceeds Agreement and the Related Tax Agreements.

• The Internal Revenue Code of 1986, as amended (as more particularly defined below, the "Code"), imposes requirements on VPSA and the Localities selling their Local School Bonds to VPSA that must be met if interest on the VPSA Bonds is to be excludable from gross income for federal income taxation under Section 103 of the Code, including arbitrage yield restriction and rebate requirements of Section 148 of the Code.

More Definitions of School Bonds

School Bonds means, in the case of a school facilities project which is to be constructed by the development authority, a redevelopment entity, or a district under section 15 of P.L.2000, c.72 (C.18A:7G-15), bonds, notes or other obligations issued by a district to finance the local share; and, in the case of a school facilities project which is not to be constructed by the development authority or a redevelopment entity, or financed under section 15 of P.L.2000, c.72 (C.18A:7G-15), bonds, notes or other obligations issued by a district to finance the total costs;

School Bonds means the bonds, notes or other obligations, if any, issued by the District to finance the Local Share.

School Bonds means bonds issued pursuant to the provisions of Sections 15-101 through 15-109 of Title 70 of the Oklahoma Statutes;

School Bonds means as set forth in N.J.S.A. 18A:7G-3.

School Bonds means, in the case of a school facilities project which is to be constructed by the development authority, a redevelopment entity, or a district under section 15 of P.L.2000,

School Bonds means, in the case of a school facilities project which is to be constructed by the [development authority] Division of Property Management and Construction in the Department of the Treasury, a redevelopment entity, or a district under section 15 of P.L.2000, c.72 (C.18A:7G-15), bonds, notes or other obligations issued by a district to finance the local share; and, in the case of a school facilities project which is not to be constructed by the [development authority] Division of Property Management and Construction in the Department of the Treasury or a redevelopment entity, or financed under section 15 of P.L.2000, c.72 (C.18A:7G-15), bonds, notes or other obligations issued by a district to finance the total costs;

School Bonds has the meaning set forth in Section 5.3 hereof.