Orange County NC Website
and that the time within which such liens can be filed has expired, any balance remaining in the <br /> Construction Fund (other than amounts retained to pay costs not then due and payable or for which the <br /> liability for payment is in dispute) shall be transferred to the Paying Agent for deposit in the Bond Fund <br /> and used for the payment of the interest on or the principal of the Bonds on the next succeeding date or <br /> dates on which interest on or principal of the Bonds is due and payable, as the Corporation Representative <br /> directs in writing. <br /> [End of Article N] <br /> • <br /> 20 <br />