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• <br /> (e) "Bonds" means any obligation the interest on which is <br /> intended to be exempt from federal income taxation, including <br /> but not limited to bonds , bond anticipation notes , tax and <br /> revenue anticipation notes , notes , interest-bearing warrants , <br /> installment purchase contracts and lease purchase agreements . <br /> (f) "Code" or " 1986 Code" means the Internal Revenue Code <br /> of 1986 as currently in effect and as it may be amended from <br /> time to time, together with applicable regulations promulgated <br /> thereunder and under the Internal Revenue Code of 1954 , as <br /> amended. <br /> (g) "Computation Period" means each period from the Date <br /> of Issue through the last day of each successive Bond Year <br /> through which the Rebate Amount is determined . <br /> (h) "Date of Issue" means the date the Bonds were physi- <br /> cally delivered to and paid for by the purchaser(s) of the <br /> Bonds , i .e. , the closing date of the issuance of the Bonds . <br /> ( i) "Debt Service" for any Bond Year means the scheduled <br /> amount of interest and amortization of principal payable on the <br /> Bonds for that Bond Year , excluding amounts scheduled with <br /> respect to any Bonds retired before the beginning of that Bond <br /> Year . <br /> (j ) "Gross Proceeds" of the Bonds means and includes all <br /> of the following : <br /> (i) original proceeds , i .e . , the net amount <br /> received by the City from the sale of the <br /> Bonds after payment of costs of issuance <br /> of the Bonds ; <br /> - 3 - <br />