Surplus Fund definition

Surplus Fund means the fund by that name established pursuant to the Second Resolution.
Surplus Fund means the Surplus Fund created and established by Section 5.3.
Surplus Fund means the fund by that name created and established pursuant to Section 3.1

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.


More Definitions of Surplus Fund

Surplus Fund means the Surplus Fund created by Sections 502 and 508 of the General Trust Indenture.
Surplus Fund means the fund by that name established pursuant to Section 3.8 hereof.
Surplus Fund means the Fund by that name created and established by Section 4.1 hereof.
Surplus Fund means the Surplus Fund created and established by Section 4.01 hereof.
Surplus Fund means the Surplus Fund established pursuant to Section 502 of the Sewer System Revenue Bond Resolution.
Surplus Fund means the fund created and so designated by Section 5.02 hereof. “System” means the Project and any System Improvements.
Surplus Fund means the Fund so designated established pursuant to the provisions of the Trust Agreement concerning Funds and Accounts.