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twentieth day of each calendar month commencing <br />with November, 1984, one-twelfth (1/12) of the <br />amount of the annual deposit to the Depreciation <br />Reserve Fund for the year in which such month <br />occurs, as set forth in the schedule described in <br />subsection (e)(7) of this Section. <br /> <br /> (b) The Debt Service Fund and Debt <br />Service Reserve Fund shall be maintained in the <br />custody of the Trustee, and shall be used solely <br />for the payment of the principal of and interest ~ <br />on the Bonds, and to the extent provided in th~s <br />legislation, for the redemption of bonds including <br />any premium thereon. The Surplus Fund shall be <br />maintained in the custody of the Trustee until <br />completion of the Project at which time it shall <br />be transferred to and maintained in the custody of <br />the Issuer. Until required for the purpose of <br />paying the principal of and premium, if any, and <br />interest on the Bonds, moneys in the Debt Service <br />Fund shall be invested in direct obligations of <br />the United States designated by the Fiscal Officer <br />and maturing, or redeemable by the holder, not <br />later than the next interest payment date as to <br />moneys held for the payment of interest and not <br />later than the principal payment or mandatory <br />redemption date as to moneys held for retirement <br />of principal. Until required for the purposes for <br />which held, moneys in the Debt Service Reserve <br />Fund and Surplus Fund shall be invested in such <br />Eligible Investments as may be designated by the <br />Fiscal Officer. Investments in the Debt Service <br />Fund, Debt Service Reserve Fund and Surplus Fund <br />may, when and as directed by the Fiscal Officer, <br />be sold, surrendered, exchanged or otherwise <br />disposed of, and, in computing the amount of each <br />such Fund, the investments therein shall be valued <br />at cost or current market whichever is lower. If <br />at any time the Trustee shall be provided with <br />moneys sufficient, together with moneys and invest- <br />ments then in the Debt Service Fund and Debt <br />Service Reserve Fund, to retire on the next avail- <br />able redemption date any outstanding Bonds, without <br />thereby reducing the balance thereafter remaining <br />in the Debt Service Fund or Debt Service Reserve <br />Fund below the amount which on such call date <br />would be required by this Section to be on hand <br />therein with respect to Bonds not so to be retired, <br />the Trustee shall make available out of the Debt <br />Service Fund or Debt Service Reserve Fund the <br />amount required, together with the other moneys <br />provided, to accomplish such retirement. Any <br />Bonds purchased for cancellation shall be pur- <br />chased at a price not exceeding their fair market <br />value or their then prevailing call price, or if <br />not then callable, then the price at which the <br />Bonds are first callable. <br /> <br /> (c) Interest earned on moneys held in <br />any of the Special Funds shall be credited to and <br />deposited in the Improvement Bonds Account of tl:e <br />Debt Service Reserve Fund until the balance therein <br />has reached the amoun~ of $t,000,000 as req~ired <br />uno]er Paragraph Third (A) above. Thel'eafter, <br /> <br /> <br />