Word: exempt
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...unusual part is that community leaders do not intend to dispute the University's plans, as they did with the Kennedy Library, with conversions of taxable property to Harvard's tax-exempt portfolio, with the Medical Area Total Energy Plant, and with numerous other projects Harvard has proposed in the last decade...
...University of California system tried selling tax-exempt bonds to finance first trust deed loans, but Congress effectively canceled this method in 1980, though not before the program had helped some 190 faculty members. U.C.L.A. also started its own program of second mortgages but ran into trouble when it had to choose between tenured professors and promising newcomers. Besides, adds Crooks, even with low-cost loans "a professor cannot even afford these loans unless he has additional family income." At Stanford, the university is constructing 144 condominiums and town houses...
...pool players in a compensation deal, it is paid $150,000 by the player's new team. When a Type B free agent is purchased by another club, his original team will be allowed two additional amateur draft choices. At any given time, up to five clubs can exempt themselves from the compensation pool by agreeing not to bid on Type A free agents for three years...
...people, 78 degrees is hot," he said, adding that some buildings, including laboratories were exempt from the policy...
Since the banks are not on U.S. soil, they are exempt from costly federal regulations, which helps them compete more aggressively with foreign banks for international business. But while these offshore banks have permitted U.S. financial institutions to fight for foreign accounts, they have created a disadvantage for New York City as a world financial center. In recent years, London, The heart of the large Eurodollar market, has jumped ahead of New York City in many foreign banking operations...