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Revenue Fund <br /> Capitalized Interest Account <br /> Interest Account <br /> Principal Account <br /> Sinking Account <br /> Reserve Account <br /> Redemption Account <br /> Rebate Fund <br /> Acquisition Fund <br /> Surplus Account <br /> Penalty Account (See Section 5.4.3 hereof) <br /> Costs of Issuance Fund <br /> Neither the City and the Authority nor any other person benefitting from the issuance of the <br /> 1994 Bonds expects to use any fund or account other than the Bona Fide Debt Service Funds and the <br /> Reserve Account, directly or indirectly, to pay principal of or interest on the 1994 Bonds. Other than <br /> the Bona Fide Debt Service Funds and the Reserve Account, no fund or account, however established, <br /> is pledged as security for the 1994 Bonds such that there is a reasonable assurance that amounts held <br /> in such other fund or account will be available if needed to pay debt service on the 1994 Bonds. <br /> 3.4 Issue Price Proceeds. Issue Price Proceeds in the amount of $777,459.01 will <br /> be retained by the Underwriters as underwriters' discount. Issue Price Proceeds in the amount of <br /> $1,091,000.00 will be used to pay for the Guarantee. The remaining Issue Price Proceeds, in the <br /> amount of $109,504,139.27 will be deposited in the following funds and accounts in the following <br /> amounts: <br /> Interest Account <br /> (Accrued Interest) $ 315,258.63 <br /> Capitalized Interest Account 7,219,667.07 <br /> Reserve Account 9,227,812.50 <br /> Costs of Issuance Fund 400,000.00 <br /> Acquisition Fund 92,341,401.07 <br /> $109,504,139.27 <br /> 3.5 Investment Proceeds. <br /> 3.5.1 Investment Proceeds earned on amounts held in the Rebate Fund will <br /> be retained in the Rebate Fund. <br /> 3.5.2 Investment Proceeds earned on the Reserve Account will be retained <br /> in the Reserve Account so long as amounts on deposit in the Reserve Account are less than the <br /> Reserve Requirement. Subject to the foregoing sentence, all Investment Proceeds earned on amounts <br /> held in the Reserve Account will be (i) (prior to the completion of the Project) transferred to the <br /> Acquisition Fund, and (ii) (on and after the completion of the Project)transferred to the Revenue Fund. <br /> 3.5.3 Except as set forth in Sections 3.5.1 and 3.5.2 above, Investment <br /> Proceeds earned on all Funds and Accounts relating to the 1994 Bonds will be (i) (prior to the <br /> completion of the acquisition, construction, and installation of the Project) deposited in the Acquisition <br /> LA1-69477,4 8 <br />