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( e) The Trustee must deposit in the 2024 Redemption Account all amounts <br /> paid to it for deposit in that Account, and must use those amounts within 12 months <br /> of their deposit to pay 2024 Bonds called for redemption on their redemption dates . <br /> The Trustee must transfer any amounts not so used within 12 months of their <br /> deposit in the 2024 Redemption Account to the 2024 Interest Account for use on the <br /> next Payment Date to pay interest on the 2024 Bonds, and pending that use or in the <br /> absence of direction must invest those funds in Legal Investments identified in <br /> Section 3 . 06 (b ) . <br /> Subject to retaining moneys necessary to pay 2024 Bonds that have been <br /> called for redemption but not yet presented for payment, the Trustee must use <br /> amounts in the 2024 Redemption Account as directed by a County Certificate to <br /> make transfers to the 2024 Interest Account or the 2024 Principal Account to the <br /> extent the balances in those Accounts may be insufficient. <br /> (f) The Trustee must apply Net Proceeds deposited in the Redemption <br /> Account pursuant to Section 5 . 16 of the 2021 Agreement to the redemption of <br /> Bonds pursuant to the Trust Agreement as directed by a County Representative , <br /> Section 3 . 05 . Use of Net Proceeds Fund from Prior Agreement. The <br /> Trustee is to maintain and administer the Net Proceeds Fund established under the <br /> Prior Agreement to the same effect and purpose as provided in the Prior Agreement <br /> with respect to the 2024 Bonds as to all Prior Bonds generally. <br /> Section 3 . 06 . Restricted Yield Investment. Not later than June 1 , 2027 , the <br /> County shall (a) invest any " Covered Proceeds, " as defined below, that the County <br /> holds , and (b ) direct the Trustee to invest any Covered Proceeds the Trustee holds, <br /> in either (i) Legal Investments providing a fixed yield at or below the " Restricted <br /> Yield, " as defined below, (ii ) obligations described in Code Section 103 that are not <br /> "private activity bonds " within the meaning of Code Section 141 , or (iii) any other <br /> investment approved by a written opinion of Bond Counsel that is satisfactory to the <br /> Trustee ; <br /> in any case the County may specify from time to time . It is the County' <br /> responsibility, and not the Trustee ' s, to identify and maintain investments as <br /> required by this Section . <br /> 16 <br />