Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("IRC"), including the following: A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ ▇▇▇ (▇▇▇ ss.851(a)); B. The annual ninety percent gross income test (IRC ss.851(b)(2)); C. The short/short (thirty percent) gross income test (IRC ss.851(b)(3)); D. The quarterly IRC industry diversification tests (IRC ss.ss.851(b)(4) and 817(h)); and E. The 90% distribution requirements (IRC ss.852(a)).
Appears in 5 contracts
Sources: Fund Accounting Agreement (Voyageur Mutual Funds Inc-Ii), Fund Accounting Agreement (Voyageur Intermediate Tax Free Funds Inc), Fund Accounting Agreement (Voyageur Tax Free Funds Inc)
Compliance Testing. DSC will monitor, test and prepare and maintain supporting schedules which evidence compliance with the definitional and distribution requirements under the Internal Revenue Code of 1986, as amended ("IRC"), including the following:
A. The requirement to be registered at all times during the taxable year under the ▇▇▇▇ 1940 ▇▇▇ (▇▇▇ ss.851(a▇▇.851(a));
B. The annual ninety percent gross income test (IRC ss.851(b)(2));
C. The short/short (thirty percent) gross income test (IRC ss.851(b)(3));
D. The quarterly IRC industry diversification tests (IRC ss.ss.851(b)(4) and 817(h)); and
E. The 90% distribution requirements (IRC ss.852(a)).
Appears in 3 contracts
Sources: Fund Accounting Agreement (Voyageur Mutual Funds Iii Inc /Mn/), Fund Accounting Agreement (Delaware Group Premium Fund Inc), Fund Accounting Agreement (Delaware Group Foundation Funds)