Disposition of Excess Funds. Any proceeds of Bonds not required to pay the costs of the Project shall be disposed of as determined by the Authority in accordance with law.
Disposition of Excess Funds. Monies on deposit in the Debt Service Fund remaining after payment of principal and interest, if any, on the Note in full shall, immediately be paid to Authority and shall no longer be subject to this Resolution.
Disposition of Excess Funds. Any balance of the Net Proceeds remaining after such replacement or repair has been completed will be distributed in accordance with Section 5.2(a) of the Sublease to RIDA, as reimbursement of Sublease Advance Rent, or to a Permitted Lender as provided therein.
Disposition of Excess Funds. After all necessary and desirable Common Facilities are constructed utilizing funds collected pursuant to the Common Facilities hook-up fees, or if the Common Facilities hookup fee has been terminated by order of the Arizona Corporation Commission, any funds remaining in the trust shall be refunded. The manner of the refund shall be determined by the Commission at the time a refund becomes necessary.
