Laserfiche WebLink
• <br /> due if cash is available at the place of payment and no interest <br /> accrues with respect to the Bond after such date . <br /> "Finance Director" means the Director of Finance and Budget <br /> of the City or any successor to the functions and <br /> responsibilities of said Director. <br /> "Installment Computation Date" means the last day of the <br /> fifth Bond Year and of each succeeding Bond Year. <br /> "Nonpurpose Receipts" means, in general, any receipt with <br /> respect to an investment allocated to the Bonds . The following <br /> types of receipts are specifically included: <br /> (a) Actual Receipts . Any amount actually or <br /> constructively received with respect to an investment . <br /> Actual receipts may not be reduced by selling commissions, <br /> administrative expenses or similar expenses . <br /> (b) Disposition Receipts . An amount determined by <br /> treating an investment that ceases to be allocated to the <br /> Bonds (other than by reason of a sale or retirement) as if <br /> sold for fair market value on the date that the investment <br /> ceases to be allocated to the Bonds . <br /> (c) Installment Date Receipts . The fair market value <br /> (or, for fixed rate investments, present value) of all <br /> investments allocated to the Bonds at the close of business <br /> on any Computation Date . <br /> (d) Imputed Receipts . Any receipts that are required <br /> to be imputed and taken into account pursuant to <br /> -3- FW W OOH.DOC 93/01/08 <br />