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(ii) all such excess amounts representing (a) investment <br />income and, (b) moneys remaining in the Acquisition Fund or the <br />Debt Service Fund (including any accounts therein) not required by <br />law to be returned or credited to the taxpayers in accordance with <br />section 16(C)(i) above, shall be deposited into the County's <br />general fund to be used by the County for any lawful purpose, <br />subject to the arbitrage rebate provisions of the Internal Revenue <br />Code of 1986. <br />(D) The designation and establishment of funds and accounts <br />in and by this Resolution shall not be construed to require the <br />establishment of any completely independent funds and accounts, but <br />rather is intended solely to constitute an allocation of moneys <br />collected and to be held pursuant to the terms of this Resolution. <br />All income and earnings from the investment and reinvestment of <br />moneys shall be retained in the respective fund or account from <br />which such investment was made and shall be a credit against <br />deposits required by this Resolution. <br />SECTION 17. TAX COVENANT. No use will be made of the pro- <br />ceeds of the Bonds, which, if such use were reasonably expected on <br />the date of issuance of the Bonds, would cause the same to be <br />"arbitrage bonds" within the meaning of the Internal Revenue Code <br />of 1986. The County at all times while the Bonds and the interest <br />thereon are outstanding will comply with the requirements of the <br />Internal Revenue Code of 1986 and any valid and applicable rules <br />and regulations promulgated thereunder. The County will comply <br />with the requirements of the Internal Revenue Code of 1986, as <br />16 <br />