Board of Visitors minutes February 9, 2007 | ||
Section 4.5 Disposition of Balance in Construction Fund.
When the Projects shall have been completed and placed in operation, as evidenced by a certificate signed by the Chief Financial Officer and filed with the Secretary of the Board and the Custodian, any balance in the Construction Fund not deemed by the Board to be necessary to be reserved for the payment of any remaining part of the Cost of the Projects shall be deposited to the credit of the Debt Service Funds for the Notes, and used to pay interest on the Notes on their next interest payment date.
Board of Visitors minutes February 9, 2007 | ||