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(d) Residing Proceeds. The net proceeds of the sale of the Refunding Bonds, together with other funds, if any, provided by the City shall be delivered to the Refunding Trustee for the purpose of defeating
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Refunding proceeds refer to the amount of money received from repaying a loan or issuing new debt to replace existing debt.
Companies and individuals who have taken out loans or issued debt and are now repaying or refinancing that debt are required to file refunding proceeds.
To fill out refunding proceeds, one must gather all relevant financial information related to the repayment or refinancing of the debt and report it accurately on the appropriate forms or documents.
The purpose of refunding proceeds is to track and report the amount of money received from repaying or refinancing debt, ensuring transparency and compliance with financial regulations.
Information such as the amount of money received, the source of the funds, the purpose of the refunding, and the terms of the repayment or refinancing must be reported on refunding proceeds.
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