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one-twelfth (1/12th) of debt service on the Bonds during the preceding bond year for the Bonds. Amounts in the Debt Service Funds will be invested without yield restrictions. Interest earnings and gains resulting such investment will be retained in the Fund or Account in which investment was made and used for the purposes thereof. (j) Lease Payments. The Members will pay Lease Payments from their general funds. There is no assurance that the general funds of the Members will be available for the payment of Lease Payments if the Members encounters financial difficulties. Amounts in the general funds of the Members will be invested without yield restrictions. (k) Insurance and Condemnation Fund. Amounts deposited in the Insurance and Condemnation Fund, if any, will consist of proceeds of insurance or eminent domain with respect to property leased under the Lease Agreements and will ordinarily be transferred to the Member for repair or restoration of property leased pursuant to the Member's Lease Agreement. Amounts deposited in the Insurance and Condemnation Fund are not reasonably expected to be used for the payment of debt service on the Bonds or for Lease Payments. Amounts, if any, deposited therein will be invested without yield restrictions. (1) No Other Pledged Amounts or Investment-Type Property. Except as described herein, no amounts have been pledged to, or are reasonably expected to be used directly or indirectly to pay, principal or interest on the Bonds, nor are there any amounts that have been reserved or otherwise set aside such that there is a reasonable assurance that such amounts will be available to pay principal or interest on the Bonds. In addition, the Authority has not entered into, and does not reasonably expect to enter into, a hedge contract primarily for the purpose of reducing the Authority's risk of interest rate changes with respect to the Bonds. (m) No Negative Pledges. There are no amounts held under any agreement requiring the maintenance of amounts at a particular level for the direct or indirect benefit of the owners of the Bonds or any guarantor of the Bonds, excluding for this purpose amounts in which the Authority or a Member may grant rights that are superior to the rights of the owners of the Bonds or any guarantor of the Bonds and amounts that do not exceed reasonable needs for which they are maintained and as to which the required level is tested no more frequently than every six (6) months and that may be spent without any substantial restriction other than a requirement to replenish the amount by the next testing date. (n) No Replacement Proceeds. There are no amounts that have a sufficiently direct nexus to the Bonds, the Lease Agreements or the Projects to conclude that the amounts would have been used for the System Projects, for Lease Payments or for debt service on the Bonds if the proceeds of the Bonds were not being used for those purposes. The term of the Bonds is not longer than reasonably necessary for the respective Projects in that the weighted average maturity of the portions of the Bonds allocable to the respective Projects does not exceed one hundred twenty percent (120%) of the average reasonably expected economic lives of the respective Projects,based upon (i) the certificate of the Underwriter included elsewhere in the transcript for the Bonds, in the case of the weighted average maturities of the portions of the Bonds allocable to the respective Members (which weighted average maturities equal the weighted average 5