REIMBURSEMENT OF CAPITAL EXPENDITURES FROM BOND PROCEEDSWHEREAS, the Everett School District No.2 (the District) from time to time may desireor be required to make expenditures for capital projects from funds that are available but notreserved or otherwise set aside for those capital projects and would reasonably expect to bereimbursed from proceeds of bonds or other obligations issued to finance those capital projects;and WHEREAS, Treasury Regulation Section 1.103-18 requires, among other things, that onor before making any such capital expenditures the District must declare a reasonable officialintent to reimburse those capital expenditures from proceeds o...
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