8717-14 Adopting post-issuance compliance procedures

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Attachment A To Post - Issuance Compliance Procedures DEFINITIONS The following terms, as used in the Post - Issuance Compliance Procedures to which they are attached, have the following meanings unless therein otherwise defined or unless a different meaning is indicated by the context in which the term is used. Capitalized terms used within these definitions that are not defined in Attachment A have the meanings ascribed to them in the Post - Issuance Compliance Procedures to which this Attaclunent A is attached. The word "obligation" or "obligations," capitalized or in lower case, includes any obligation, whether in the form of bonds, notes, certificates, or any other obligation that is a "bond" within the meaning of Section 150(a)(1). All capitalized terms used in the Post- Issuance Compliance Procedures include either the singular or the plural. All terms used in this Attachment A or in the Post - Issuance Compliance Procedures to which this Attachment A is attached, including terms specifically defined, shall be interpreted in a manner consistent with Sections 103 and 141 to 150 and the applicable Regulations thereunder except as otherwise specified. All references to Section, unless otherwise noted, refer to the Code. "Bona Fide Debt Service Fund" means a fund, including a portion of or an account in that fund (or in the case of a fund established for two or more bond or note issues, the portion of that fund properly allocable to a series of obligations) or a combination of such funds, accounts or portions that is used primarily to achieve a proper matching of revenues with Debt Service on a series of obligations within each Bond Year and that is depleted at least once each year except for a reasonable carryover amount not to exceed the greater of the earnings thereon for the immediately preceding Bond Year or one - twelfth of the annual Debt Service on the series of obligations for the immediately preceding Bond Year. "Bond Year" means the annual period relevant to the application of Section 148(f) to the series of obligations, except that the first and last Bond Years may be less than 12 months long. The last day of a Bond Year shall be the close of business on the day preceding the anniversary of the Issuance Date of the series of obligations unless the City selects another date on which to end a Bond Year in the manner permitted by the Code. "Capital Expenditures" means costs of a type that are properly chargeable to capital account (or would be so chargeable with a proper election) under general federal income tax principles. "Code" means the Internal Revenue Code of 1986, the Regulations (whether temporary or final) under that Code or the statutory predecessor of that Code, and any amendments of or successor provisions to, the foregoing and any official rulings, announcements, notices, procedures and judicial determinations regarding any of the foregoing, all as and to the extent applicable. Unless otherwise indicated, reference to a Section includes any applicable successor section or provision and such applicable Regulations, rulings, announcements, notices, procedures and determinations pertinent to that Section.