1986-22 CRA - Laserfiche WebLink

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. . B. Special Early Redemption. The Special Term Bonds are subject to special early redemption in whole or in part, by lot at a redemption price of 100% of the principal amount thereof plus accrued interest to the redemption date without premium, (i) on June 1, 1989 to the extent of any moneys remaining in the Escrowed Proceeds Fund on May 1, 1989; and (ii) on any interest payment date prior to June 1, 1989 in the event that state law is modified to alter the generation of Pledged Tax Revenues in a manner that lowers Pledged Tax Revenues to the level that the Agency determines will prohibit the transfer of all funds from the Escrowed Proceeds Fund'A For the purpose of selecting Bonds by lot, Bonds in excess of $5,000 will be assigned a separate number for each $5,000 of principal they represent, C. Sinking Account Redemption. The Special Term Bonds maturing on December 1, 2015 shall be subject to minimum sinking fund redemptions at a redemption price equal to 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date without premium, on December 1 in each of the following years and amounts: Principal Principal . Year Amount Year Amount 2001 $265,000 2008 $440,000 2002 285,000 2009 470,000 2003 305,000 2010 505,000 2004 330,000 2011 540,000 2005 350,000 2012 580,000 2006 380,000 2013 625,000 2007 410,000 2014 670,000 2015 (maturity) 695,000 . . The Term Bonds maturing on December 1,2016 shall be subject to minimum sinking fund redemptions at a redemption price equal to 100% of the principal amount thereof, plus accrued interest, if any, to the redemption date without premium, on December 1 in each of the following years and amounts: 05-23-86 1665k/2281/06 -11-