Electric System Funds and Accounts. The Treasurer shall continue to maintain the following funds and accounts, heretofore created under the 1972 Bond Resolution and the 1986 Bond Resolution and pursuant to Section 1210 of the City Charter, so long as any Senior Bonds or Qualified Obligations remain Outstanding; provided, however that if no Senior Bonds remain Outstanding and 2022 Bonds are the only Qualified Obligations Outstanding, such funds and accounts shall be closed on the date that no 2022 Bonds remain Outstanding: Electric Revenue Fund, and the following accounts therein:
(i) Electric Revenue Bonds, Electric System Revenue Account (the “Revenue Account”);
(ii) Electric Revenue Bonds Bond Service Account (the “Bond Service Account”);
(iii) Electric Revenue Bonds Sinking Account (the “Bond Sinking Account”);
(iv) Electric Revenue Bonds, Issue of 1972, Electric System Maintenance and Operation Account (the “O & M Account”);
(v) Electric Revenue Bonds, Issue of 1972, Electric System Revenue Bond Reserve Fund (the “Reserve Fund”);
(vi) Electric Revenue Bonds, Issue of 1972, Electric System Renewal and Replacement Account (the “R & R Account”); and
(vii) Electric Revenue Bonds, Second Issue of 1986, Rebate Account (the “Rebate Account”).
