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reimbursement allocation, which is a written allocation by the <br />City that evidences the City's use of proceeds of the Bonds to <br />reimburse an expenditure, no later than eighteen (18) months <br />after the later of the date on which the expenditure is paid or <br />the Project is placed in service or abandoned, but in no event <br />more than three years after the date on which the Expenditure <br />is paid. The City recognizes that certain exceptions are <br />available for certain preliminary expenditures, costs of <br />issuance, certain de minimis amounts, expenditures by "small <br />issuers," based on the year of issuance and not the year of <br />expenditure, and expenditures for construction projects of at <br />least five (5) years. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held on October 9, 1995. <br /> <br /> Teste: <br /> <br /> <br /> City Clerk <br /> <br /> <br />