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1980-075 CRA
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1980-075 CRA
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Last modified
1/3/2012 12:23:08 PM
Creation date
3/8/2005 11:38:49 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1980-75
Date
7/1/1980
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<br />704. Debt Service Reserve Fund Investment Restrictions, Moneys in the <br />Debt Service Reserve Fund shall be invested in Permitted Investments maturing <br />up to but not beyond the year of final maturity of the Bonds. <br /> <br />705. Mort a e <br />Mortgage Reserve un <br />Permitted Investments <br />of inves tment. <br /> <br /> <br />706. Transfer to Revenue Fund. Unless otherwise herein or in the <br />Supplemental Resolution provided to the contrary, the interest earned or other <br />income derived from the investment or deposit of moneys in any Fund or Account <br />held by the Trustee shall be transferred by the Trustee upon receipt thereof <br />to the Revenue Fun d. <br /> <br />Investments of moneys in the Mortgage Loan Purchase Account shall be <br />scheduled as set forth in an Officer's Certificate so that the investments <br />will mature in accordance with the projected schedule of need of such moneys. <br />Income or interest earned by, or increment to, moneys in the Mortgage Loan <br />Purchase Account shall from time to time as received be transferred by the <br />Trus tee to the Revenue Fund. <br /> <br />37 <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br />
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