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Agenda - 06-15-1987
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Agenda - 06-15-1987
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10/18/2016 9:20:07 AM
Creation date
9/29/2016 2:00:22 PM
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BOCC
Date
6/15/1987
Meeting Type
Budget Sessions
Document Type
Agenda
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(b) Earnings or net profits derived from the <br /> investment or deposit of the proceeds of the notes may <br /> be invested at an unrestricted yield for a period not <br /> to exceed three years from June 29, 1987 and thereafter <br /> for a period not in excess of one year from the date of <br /> receipt of the amount earned. <br /> (c) Amounts deposited to the Debt Service Fund <br /> may be invested at an unrestricted yield for a period <br /> not in excess of thirteen months from the date of <br /> deposit of the respective amount to the Debt Service <br /> Fund. <br /> (d) Amounts received from the investment of <br /> amounts deposited to the Debt Service Fund may be <br /> invested at an unrestricted yield for a period not in <br /> excess of one year from the date of receipt of the <br /> amount earned. <br /> (e) Amounts described in subparagraphs (a) , (b) <br /> and (c) , which may not be invested at an unrestricted <br /> yield pursuant to such subparagraphs, may be invested <br /> at an unrestricted yield to the extent that such <br /> amounts do not exceed the lesser of $100, 000 or 5% of <br /> the face amount of the notes. <br /> 4-. <br /> (f) Amounts described in subparagraphs (a) and <br /> (b) , together with investment earnings thereon, not <br /> invested at an unrestricted yield pursuant to such <br /> subparagraphs, may be invested at a yield not in excess <br /> of the yield on the notes plus one-eighth of one <br /> percentage point or invested in tax-exempt obligations. <br /> (g) Amounts described in subparagraphs (c) and <br /> (d) , together with investment earnings thereon, not <br />
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