Examples of Proceeds Fund in a sentence
The Statutes (Sections 3-24f and 3-27f) also provide for investment in shares of the State Short-Term Investment Fund (STIF) and the State Tax Exempt Proceeds Fund (TEPF).
The General Obligation Bond Proceeds Fund has a separate investment account for each state bond issue to comply with Internal Revenue Service regulations on bond arbitrage.
Proceeds that exceed $10,000 shall be deposited in the Insurance and Condemnation Proceeds Fund and expended as provided in Sections 6.04 or 4.04, as applicable, of the Indenture.
Except as described in this Section, the Bond Proceeds Fund may not be used for any other purpose.
The Trustee will deposit these funds into the Insurance and Condemnation Proceeds Fund established at that time by the Trustee.