Common use of Acquisition Fund Clause in Contracts

Acquisition Fund. Certificate proceeds deposited in the Acquisition Fund and Investment earnings on such proceeds may be invested without Yield restriction for three years after the Issue Date. If any unspent proceeds remain in the Acquisition Fund after three years, such amounts may continue to be invested without Yield restriction so long as the City pays to the IRS all Yield reduction payments in accordance with Section 1.148-5(c) of the Regulations. These payments are required whether or not the Certificates are exempt from the arbitrage rebate requirements of Section 148 of the Code.

Acquisition Fund. Certificate proceeds deposited in the Acquisition Fund (including amounts held for Costs of Delivery) and Investment investment earnings on such those proceeds may be invested without Yield restriction for three up to 3 years after following the Issue Date. If any unspent proceeds remain in the Acquisition Fund after three 3 years, such those amounts may continue to be invested without Yield restriction so long as the City pays to the IRS all Yield reduction payments in accordance with Section 1.148-Regulations § 1.148- 5(c) of the Regulations). These payments are required whether or not the Certificates are exempt from the arbitrage rebate requirements of Section 148 of the CodeCode § 148.