Sentences with phrase «debt service reserve fund»

A revenue bond which, in addition to its primary source of security, possesses a structure whereby an issuer pledges to make up shortfalls in a debt service reserve fund, subject to legislative appropriation.

A common deposit requirement for a «debt service reserve fund» is six months or one - year's debt service on the bonds.

Utilizing a $ 10 million federal enhancement grant and a $ 100,000 contribution from the Texas Education Agency (TEA), TCEP provides credit enhancement for municipal bonds that provide financing for the acquisition, construction, repair or renovation of Texas charter school facilities (including certain refinancing of facilities debt that meet federal guidelines), by funding a debt service reserve fund for such issuances.

Proceeds of these bonds can be used for expenditures, debt service reserve funds and costs of issuing the bonds but not to refinance capital expenditures, so - called refunding issues.

It also provides financial guarantees for debt service reserve funds.

Not exact matches

Once we have deposited such two payments, we will not be required to further fund such debt service reserve account.

Such capital budget shall indicate debt service charges of previous projects, proposed down payments and other expenditures for new projects, and the recommended sources of all proposed capital financing including, but not limited to, capital reserve fund, sinking funds, current revenues, temporary borrowing, bond sales, federal and state grants, loans or advances.

Note: Table reports expenditures from all funds (General, State Special Education, Combined GF & Special Education, Total Governmental, Total State Grants, and Total Federal Grants); Statewide totals include expenditures from public charter schools Variable costs include expenditures for Instruction, Student / Instruction Support Services, Other Support Services, and Fringe Benefits; They exclude Operational Expenses, Total Property Expenses, Assets / Reserves, Debt Service, Transfers, and other miscellaneous expenses

However, note that for public - private partnerships, the DOT will require that debt service on the DOT credit instrument must be paid before the funding of any senior debt service reserve accounts.

When you apply all revenue from the rents to paying the debt service, you will be relying on reserve funds having to come from some other account should some event occur that would normally draw from reserve (some examples are replacing roof, replacing heater, handling an eviction - there are other such events).