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E. The balance remaining, if any, after making all the deposits and payments provided for above shall be deposited into the Revenue Fund and applied in accordance with Section 16B hereof. SECTION 19. REBATE. Anything to the contrary contained herein notwithstanding, the County shall from time to time transfer into the "Series 2003 Rebate Account" which is hereby created and established amounts sufficient to pay to the United States of America all amounts due with respect to the Series 2003 Bonds under the provisions of Section 148 (f) of the Code. The earnings on the Series 2003 Rebate Account shall be added to and become a part of 2003 Rebate Account. Moneys in the Series 2003 Rebate Account shall only be used to pay the amounts due to the United States of America under said Section of the Code with respect to the Series 2003 Bonds as the same shall become due and payable; provided, however, if the County shall determine that the amounts in the Series 2003 Rebate Account are in excess of the amounts sufficient for such payments, the County may transfer such excess to the Revenue Fund. It is the intent of this paragraph to provide for payment of all amounts due under said Section of the Code with respect to the Series 2003 Bonds, in such installments and at such times as may be required by said Section of the Code. In the event of any amendment to the Code or the promulgation of regulations under the Code which provide or require otherwise than as provided or required in this paragraph, this paragraph shall be deemed to be amended to incorporate such amendments or regulations, to the extent applicable, and any provisions hereof which conflict with the provisions thereof shall be deemed to be null and void. SECTION 20. SALE OF THE SERIES 2003 BONDS. The Series 2003 Bonds may be sold at public or private sale pursuant to the Act, all at one time or from time to time, as shall be provided by subsequent resolution of the Board. SECTION 2L BOND INSURER MAY CONTROL PROCEEDINGS. Anything in this Resolution to the contrary notwithstanding, while a Bond Insurance Policy is in effect for a series of Bonds, any of such series of Bonds are outstanding and have not been defeased in accordance herewith, and the Bond Insurer is not in default with respect to the Bond Insurance Policy, bankrupt, insolvent or in receivership, then upon default by the County as to payment of the principal of, premium, if any, and interest on the respective series of Bonds when and as the same become due upon maturity, any earlier redemption, or otherwise, or as to the observance of any covenant of this Resolution, the Bond Insurer for such series of Bonds shall be entitled to control and direct the enforcement of all rights and remedies granted to the holders of the respective series of Bonds or the Paying Agent for the benefit of the holders of the respective series of Bonds under this Resolution. SECTION 22. SUBROGATION RIGHTS OF BOND INSURER. Notwithstanding any provision of this Resolution to the contrary, if the principal and/or interest due on any series of Bonds insured by a Bond Insurance Policy shall be paid by the Bond Insurer pursuant to the Bond Insurance Policy, such series of Bonds shall remain outstanding for all purposes, "shall not be defeased or otherwise satisfied by such payment and shall not be considered paid by the County, and the assignment and pledge of the Pledged Funds and all covenants, agreements and obligations of the County to the registered owners shall continue to exit and shall run to the 18