Utility cost containment bonds definition

Utility cost containment bonds means bonds, notes, commercial paper, variable rate securities, and any other evidences of indebtedness issued by an authority, the proceeds of which are used directly or indirectly to pay or reimburse a local agency or its publicly owned utility for the costs of a utility project and which are secured by a pledge of, and are payable from, utility project property.
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Utility cost containment bonds means bonds, notes, commercial paper, variable rate securities, and any other evidences of indebtedness issued by the Authority or
Sample 1

Examples of Utility cost containment bonds in a sentence

  • Utility cost containment bonds are secured by a utility project charge levied on utility customers.

  • Utility cost containment bonds may also be used to refinance indebtedness incurred by a local agency to finance or refinance utility projects or to refinance utility cost containment bonds.

  • The documentation provided for public review includes a copy of the applicant’s environmental policy. Following close of the public comment period, the department will advise the applicant of any significant comment(s) that could impact eligibility.

  • Utility cost containment bonds shall be nonrecourse to the credit or any assets of the local agency or the publicly owned utility but are payable from, and secured by, a pledge of the utility project property relating to the utility cost containment bonds and any additional security or credit enhancement specified in the documents relating to the utility cost containment bonds.

  • Utility cost containment bonds shall be issued within the parameters of the financing provided by the authority pursuant to this section.

Related to Utility cost containment bonds

  • nuclear facility means, except as otherwise agreed to by the Underwriter, any of the following, provided that Nuclear Material is contained therein or being used therewith or Nuclear Material is present at the site where the same is located:

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.