five.a. The house, revenues, and also other property with the corporation; the transactions and operations with the corporation and the profits from these types of transactions and operations; and all bonds issued under this paragraph and interest on these types of bonds are exempt from taxation by the point out and any political subdivision, including the intangibles tax beneath chapter 199 along with the earnings tax less than chapter 220.
(h) “Financial debt services” usually means the quantity expected in any fiscal 12 months to pay the principal of, redemption quality, if any, and curiosity on income bonds and any quantities essential via the phrases of files authorizing, securing, or offering liquidity for revenue bonds necessary to keep in effect any such liquidity or security arrangements.
2. The point out hereby covenants with holders of bonds on the Company which the condition will likely not limit or change the denial of authority beneath this paragraph or the legal rights underneath this segment vested from the fund or maybe the corporation to meet the terms of any agreements created with these types of bondholders or in any way impair the rights and therapies of these bondholders assuming that any these kinds of bonds continue to be remarkable Until enough provision has long been made for your payment of this sort of bonds pursuant on the files authorizing the issuance of these kinds of bonds.
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Many of such parks also give educational solutions geared towards informing people today relating to this point out's exclusive wildlife.
2. In identifying reimbursements pursuant to this subsection, the deal shall offer which the board shall pay to every insurance provider these types of insurer’s projected payout, that is the amount of reimbursement it is actually owed, as much as an amount of money equivalent on the insurer’s share of the particular quality compensated for that agreement 12 months, multiplied by the particular statements-paying out capacity accessible for that deal yr.
(b) The board shall adopt the reimbursement agreement for a specific deal 12 months by February one in the instantly preceding deal yr.
Each and every insurer gathering assessments shall provide the information with regard to premiums and collections as could be needed because of the Office environment to allow the Office environment to observe and verify compliance with this paragraph.
This sub-subparagraph is more and supplemental authority and might not be limited devoid of particular reference to this sub-subparagraph.
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