Surplus Fund definition
Examples of Surplus Fund in a sentence
Any amounts not needed for the purposes described in (i) and (ii) above shall be deposited in the Surplus Fund.
Out of a special benefits tax levied on all taxable property in the District ("Special Benefits Tax"), to the extent Tax Increment and amounts in the Surplus Fund contained in subsection (b) are not sufficient to pay the lease rentals due under this Lease, the Lessee shall levy a Special Benefits Tax.
The obligation to pay rentals is limited to moneys in the Allocation Fund, including Tax Increment and the Special Benefits Tax and moneys in the Surplus Fund described below and investment earnings.
If in any Bond Year actual collections of Tax Increment, amounts in the Surplus Fund and the Special Benefits Tax, together with any investment earnings thereon, are insufficient to pay any lease rental payments when due under this Lease, the Lessee shall immediately initiate proceedings to levy a tax on all taxable property in the District in accordance with IC 36-7-14-27, sufficient to pay any shortfall.