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I . . . . . . "P "~--,"."~,". ARTICLE Vn . SECURITY FOR DEPOSITS AND INVESTMENT OF FUNDS 701. Moneys Deposited to be Held in Trust. All moneys held by the Trustee and any Paying Agent under the provisions of this Resolution shall be held in trust and applied only in accordance with the provisions of this Resolution and the Supplemental Resolution and shall not be subject to 1 ien or attachment by any creditor of the Agency other than the 1 ien described in Section 906(0) and the lien of the Holders of the Bonds issued pursuant to and secured by this Resolution and the Supplemental Resolution. 702. Security for Deposits. All moneys held hereunder by the Trustee and any Paying Agent shall be held in time or demand deposits and shall be continuously and fully secured at all times by such obligations and to the fullest extent as shall be required by law for public deposits, except to the extent that moneys are invested as hereinafter provided. 703. Investment of Funds and Accounts. (A) Moneys held in any Fund or Account created hereunder shall be invested with reasonable diligence by the Trustee in Permitted Investments to the extent permitted by law for public funds (or held or deposited pursuant to Section 702 hereof) in such a manner as, in the opinion of the Trustee, will maximize investment returns; provided, however, that the Agency may direct the Trustee as to specific Permitted Investments by an Officer's Certificate, subject to any limitations contained in this Resolution or the Supplemental Resolution. The maturity or redemption date of such deposits or Permitted Investments shall coincide as nearly as practicable with the time at which moneys in the Funds or Accounts will be required for the purposes set forth in this Resolution or in the Supplemental Resolution. (B) Permitted Investments, purchased as an investment of moneys in any Fund or Account held by the Trustee, shall be deemed at all times to be a part of such Fund or Account unti 1 such amount is transferred in accordance with this Resolution or the Supplemental Resolution. (C) In computing the amount in any Fund or Account held by the Trustee, obligations purchased as an investment of moneys therein shall be valued at the actual cost thereof, provided that the Debt Service Reserve Fund shall be valued at the lower of the cost or market price thereof on the date of computation, exclusive of accrued interest, for purposes of the Asset Coverage Test. (D) The Trustee shall sell at the best pric~ reasonably obtainable, or present for redemption, any Permitted InvestmentS whenever it shall be necessary in order to provide moneys to meet any payment or transfer from the Fund or Account for whi ch such inves tment was made. 36