Recovery Zone Economic Development Bonds definition

Recovery Zone Economic Development Bonds means Build America Bonds that meet the definition of a “recovery zone economic development bond” in Section 1400U-2 of the Code and for which the County will be allowed a Refundable Credit, all as authorized by Section 1400U-2 of the Code.

Recovery Zone Economic Development Bonds means bonds, notes or other obligations issued for one or more "qualified economic development purposes" as provided in the Code and the Notice.

Recovery Zone Economic Development Bonds means bonds issued in accordance with the Code and the Notice for qualified economic development purposes for state or local government facilities as further provided in the Code and the Notice.

Examples of Recovery Zone Economic Development Bonds in a sentence

• At the request of the Company, YIDA shall pursue issuance of Empowerment Zone Bonds, Build America Bonds, Recovery Zone Economic Development Bonds and similar financings to provide low cost financing alternatives for the Project and other benefits under the American Recovery and Reinvestment Act of 2009.

• The Bonds may be issued as Fixed Rate Bonds, Variable Rate Bonds, Tender Bonds, Capital Appreciation Bonds, Deferred Income Bonds, Discount Bonds, Build America Bonds or Recovery Zone Economic Development Bonds or any combination thereof in accordance with applicable provisions set forth below and the Applicable Supplemental Trust Agreement.

• State and local governments may receive a direct federal subsidy payment for a portion of their borrowing costs on Build America Bonds equal to 35% of the total coupon interest paid to investors (or 45% in the case of Recovery Zone Economic Development Bonds).

• The Committee may extend the expiration date for the issuance of Recovery Zone Facility Bonds or Recovery Zone Economic Development Bonds by an additional thirty (30) days.

• Excluding Recovery Zone Facility Bonds, Recovery Zone Economic Development Bonds, and Mortgage Credit Certificates, forFor Allocations awarded during an Open Application Process, the Executive Director may grant extensions of up to ninety (90) days.

More Definitions of Recovery Zone Economic Development Bonds

Recovery Zone Economic Development Bonds means any Outstanding bonds issued as “Recovery Zone Economic Development Bonds” as set forth in Section 1400U-2 of the Code. As of the date hereof, the only Recovery Zone Economic Development Bonds issued by the University are the Series 2010C Bonds.

Recovery Zone Economic Development Bonds means Recovery Zone Economic Development Bonds issued pursuant to Code Section 1400U-2, which in general are governmental bonds issued by a qualified issuer for economic development purposes (as defined in Section 1400U-2) that provide for a refundable tax credit paid to the issuer of the bonds in an amount equal to 45% of the taxable interest payable to investors in such bonds.

Recovery Zone Economic Development Bonds means a type of Build America Bond issued before January 1, 2011. The Issuer shall receive a credit from the Treasury Department equal to 45% of the interest payment.

Recovery Zone Economic Development Bonds means Build America Bonds that meet the definition of a “recovery zone economic development bond” in Section 1400U-2 of the Code and for which the County will be allowed a Refundable Credit, all as authorized by Section 1400U-2 of the Code. “Redemption Price” means, with respect to any Bond, the principal amount thereof, plus the applicable premium, if any, payable upon redemption thereof pursuant to this Bond Resolution. “Refundable Credit” means with respect to Recovery Zone Economic Development Bonds, an amount equal to 45 percent of the interest due on the Recovery Zone Economic Development Bonds on each Interest Payment Date, to be paid to the County by the United States Department of Treasury in accordance with Sections 1400U-2 and 6431 of the Code.

Recovery Zone Economic Development Bonds means any bonds or other obligations issued as Recovery Zone Economic Development Bonds under Section 1400U-2 of the Code, or under any other provisions of the Code, that creates, in the determination of the City, a substantially similar direct-pay subsidy program that provides comparable security for the Owners thereof.

Recovery Zone Economic Development Bonds shall have the meaning set forth in Section 1400U-2 of the Code and Section 203(i) hereof.

Recovery Zone Economic Development Bonds means 2010 Bonds that meet the definition of a "build America bond" in Section 54AA(d) of the Code and the definition of a "qualified bond" under Section 54AA(g)(2) of the Code and for which the County will be allowed a Refundable Credit and for which an allocation of bond limitation has been made.