Funds and Investments. The Board shall establish and maintain appropriate funds and accounts for the purposes set forth in this Agreement. All funds held by the Board shall be accounted for, managed and invested in compliance with Iowa law, including but not limited to, Chapters 12B and 12C, Iowa Code.
Funds and Investments. Section 5.1. Establishment of Funds and Accounts 25 Section 5.2. Revenue Fund; Flow of Funds 26 Section 5.3. Administrative Costs Fund 27 Section 5.4. Debt Service Fund 27 Section 5.5. Debt Service Reserve Fund 27 Section 5.6. Debt Service Coverage Fund 28 Section 5.7. CFC Surplus Fund 29 Section 5.8. Construction Fund 30 Section 5.9. Costs of Issuance Fund 31 Section 5.10. Repair and Replacement Fund 31 Section 5.11. RAC O&M and Rent Reserve Fund 32 Section 5.12. Supplemental Security Fund 33 Section 5.13. Investment of Funds; Transfer of Investment Income 33 Section 5.14. Security for Uninvested Funds 35 Section 5.15. Standing Instructions Error! Bookmark not defined. .
Funds and Investments. Section 3.1. There is hereby established and created a fund designated as the “Brownsburg Redevelopment Authority Acquisition Fund.” The Acquisition Fund shall consist of the Acquisition Account, the Bond Issuance Expense Account. The Trustee shall deposit the amount provided by Section 2.6 in the Bond Issuance Expense Account. The Trustee shall pay the cost of issuance of the bonds from such Account upon the presentation of either (i) a resolution of the Authority identifying to whom payment is due and the amount of such payment, (ii) an affidavit executed by the President or Vice President of the Authority or the Lessor Representative stating the character of the expenditure, the amount thereof, and to whom due, together with a statement of the creditor as to the amount owing or
Funds and Investments
