A saving of five hundred millions annually had far more virtue than the accumulation of a sinking fund
whose dangers were plainly to be seen.
Dubai The absence of sinking funds
and exorbitant maintenance charges throughout Dubai could leave existing investors out of pocket and new ones thinking twice before buying.
They also found that Big Six auditors are significantly associated with higher interest costs, but are not associated with the use of sinking funds
ISFDs and similar financial instruments with contingent sinking funds
represent an effective new tool for financial institution asset-liability management.
1, 1993 payment on the sinking funds
bonds, as contemplated by the Memorandum of Understanding.
29, 2006 with proceeds of the State's Board of Education Lottery Revenue Refunding Bonds, Series 2006B and amounts transferred from the sinking funds
for the refunded bonds.
Because sinking funds
are available to replace deteriorating assets, the town is able to proceed with the replacement of capital on schedule.
Section I of this paper presents some summary statistics on sinking funds
provisions and on the prevalence of prepurchases.
These bonds were refunded on June 22, 2006 with proceeds of the issuer's hospital revenue refunding and improvement bonds, series 2006A and taxable hospital revenue refunding and improvement bonds, series 2006C (auction rate securities) and funds transferred from the refunded bonds' sinking funds
Of the debentures to be redeemed, $24 million will be redeemed through operation of the mandatory and optional sinking funds
at a price equal to 100 percent of their principal amount, plus accrued interest, and the remaining approximately $69 million of debentures will then be redeemed at a price equal to 100.
Prudent financial policies include a capital set-aside of the income tax, the accumulation of sinking funds
for bond repayment, the use of zero-base budgeting, and a five-year expenditure forecast.
As of June 30, 2001, current cash and investments totaled a satisfactory 66 days of annual operating and debt service expenses, not including restricted assets, sinking funds
, or the MADS debt service reserve held by the bond commission.