New Money Portion definition

New Money Portion means that portion of a Multipurpose Issue other than the Refunding Portion.

New Money Portion means the portion of the Certificates properly allocable to the financing of new money capital expenditures and related common costs of the Certificates.

New Money Portion means the 2020 Bonds or such other series or a portion of a series of 2020 Bonds designated by the Chairman or the Executive Director and the proceeds thereof other than the Refunding Portion. AMBB - 2020 Series Two BondsSeries Resolution No. 2020-03Page 3

Examples of New Money Portion in a sentence

• The Bond Compliance Officer will supplement the expected allocation of New Money Portion proceeds to expenditures with a Final Written Allocation as required by the Tax Compliance Procedure.

• The completion of the Financed Facility and the allocation of the Net Proceeds of the New Money Portion to expenditures will proceed with due diligence.

• If the Issue is a Multipurpose Issue, the Refunding Portion and the New Money Portion are treated for purposes of the rebate Spending Exceptions as separate issues.

• Certificate proceeds deposited in the Project Fund and the Costs of Issuance Fund allocable to the New Money Portion and investment earnings on those proceeds may be invested without Yield restriction for up to 3 years following the Issue Date.

• At least 85% of the net sale proceeds of the New Money Portion will be allocated to expenditures on the Financed Facility within 3 years after the Issue Date.

More Definitions of New Money Portion

New Money Portion means that portion of the Bonds identified in the column labeled

New Money Portion means the sale proceeds of the Bonds properly allocable to the financing of new money capital expenditures together with allocable common costs of the Bonds.

New Money Portion means $2.485,000 of the notes issued to pay the costs of improvements and equipment for the Recorder’s, Auditor’s and Information Technology offices, improvements to the sprinkler system on the 2nd floor of the Courthouse, body cameras for the Sheriff’s Department, vehicles for the Sheriff's Department, and improvement, equipping and repair of the County Jail.

New Money Portion means $5,030,000 of the Notes issued to pay the costs of acquisition and installation of peace office communication equipment and other emergency services communication equipment and systems.

New Money Portion means the portion of the Certificates described in Section 3.6.

New Money Portion means $462,000 of the notes issued to pay the costs of acquisition, construction, reconstruction, extending, remodeling, improving, repairing and equipping all or part of the Municipal Water Utility System.

New Money Portion means the 2016 Series Three and Four Bonds and the proceeds thereof other than the Refunding Portion.