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15 lip 2022 · (W) "Mandatory sinking fund requirements" means amounts required by proceedings to be deposited in a year or fiscal year in a bond retirement fund for the purpose of paying the principal of securities that is due and payable in a subsequent year or fiscal year.
taxing authority of a subdivision, by resolution or ordinance, may rescind a capital projects fund. If a capital projects fund is rescinded, money that has accumulated in the fund shall be transferred to the fund or funds from which the money originally was transferred.
The Commissioners of the Sinking Fund administer the debt service payments and administrative expenses related to state general obligation bonds issued for the following purposes: primary and secondary education facilities, higher education
• Townships shall establish the following funds: • General fund • Sinking fund or bond retirement fund • Special fund for each special levy • Special bond fund for each bond issue • Special fund for each class of revenues derived from a source other than the general property tax, which the law requires to be used for a particular ...
30 kwi 2024 · A sinkable bond is a type of debt that is backed by a fund set aside by the issuer. The issuer reduces the cost of borrowing over time by buying and retiring a portion...
17 gru 2023 · A sinking fund is a means of repaying funds borrowed through a bond issue through periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market.
Brief summaries on the status of the State s general obligation bonds debt service requirements and funding sources as of June 30 2023 and the changes in debt pnncipal including issuances and maturities, interest and
