RESTRICTED ASSETS - INVESTMENT AND HERITAGE FUND Clause Samples

RESTRICTED ASSETS - INVESTMENT AND HERITAGE FUND. Upon settlement of the Trust, $250,000 was transferred to the Investment and Heritage sub-account in 1996. The $250,000 and the interest earned on it (totalling $419,808 at December 31, 2005) cannot be encroached upon until certain Trust conditions are met. The restriction is intended to minimize the effects of inflation on the $40,000,000 Capital Investment in the General Fund. Additional monies deposited to this account cannot be withdrawn in the fiscal year in which they were deposited. A further $12,198,400 was settled on the Investment and Heritage sub-account in 2001. This amount represented the premium received by the Trust upon redemption of the Hydro Bond, and is to be invested until 2013 unless the members instruct otherwise. During the year, $2,720,083 to supplement the 2005 Funds Available amount.