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unconditionally obligated to levy and collect such ad valorem taxes without limitation as to rate or amount on all the taxable property within the County, sufficient in amount to pay all principal and redemption premium, if any, and interest on said Bonds as the same shall mature and become due. All taxes levied pursuant to this Resolution, as collected, shall be paid over for deposit in the Debt Service Fund and held in trust for the payment of the principal of and interest on the Bonds as they severally become due and shall be expended for no other purpose. Until disbursed, the funds shall be secured as may from time to time be provided by law and as may be provided by resolution of the County Commissioners. Funds in the Debt Service Fund may be invested from time to time in Authorized Investments. (B) The moneys at any time on deposit in the Debt Service Fund shall be disposed of only in the following manner: (i) moneys shall first be used, to the full extent necessary, for deposit into the Interest Account in the Debt Service Fund to pay interest becoming due on the Bonds on the next semiannual interest payment date; provided, however, that deposits for interest shall not be required to be made into the Interest Account to the extent that money on deposit therein is sufficient for such purpose. (ii) moneys shall next be used, to the full extent necessary, for deposit into the Principal Account in the Debt Service Fund to pay principal becoming due or scheduled redemption payments on the Bonds on the next principal payment date or date established for redemption; provided, however, that deposits for principal shall not be required to be made into the Principal Account to the extent that money on deposit therein is sufficient for such purpose. (C) In the event moneys remain in the Acquisition Fund or the Debt Service Fund (including any accounts therein) upon payment in full of all amounts payable hereunder, all such excess amounts representing (a) investment income and, (b) moneys remaining in the Acquisition Fund or the Debt Service Fund (including any accounts therein), shall be deposited into the County's general fund to be used by the County for any lawful purpose, subject to the arbitrage rebate provisions of the Internal Revenue Code of 1986, unless otherwise directed by subsequent resolution of the County. (D) The designation and establishment of funds and accounts in and by this Resolution shall not be construed to require the establishment of any completely independent funds and accounts, but rather is intended solely to constitute an allocation of moneys collected and to be held pursuant to the, terms of this Resolution. All income and earnings from the investment and reinvestment of moneys shall be retained in the respective fund or account from which such investment was made and shall be a credit against deposits required by this Resolution. SECTION 17. TAX COVENANT. No use will be made of the proceeds of the Bonds, which, if such use were reasonably expected on the date of issuance of the Bonds, would cause the same to be "arbitrage bonds" within the meaning of the Internal Revenue Code of 1986. The County at all times while the Bonds and the interest thereon are outstanding will comply with the requirements of the Internal Revenue Code of 1986 and any valid and applicable rules and 8