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F': - Sitio9 of the Itoi t tis•a- i f t So t-014pnce f ins"ced with the <br />i r ­ •qmOft of the $% rte 1—;%n y is I oca+ r ', within a Target -i At—a. <br />be Cbde reguiree issuers <br />,:,i Mort"40 towel bow to file two types of information reports <br />With the it,tertenl ft@V ap •atvice. Uh er the Cbde, not later than <br />t h,p 24th day -f f the escond Ca l eadar leoath after the CIO" of the <br /><4uay+e-1 is which the 00nds are issued, the Authority is <br />t r,,1t i red to f ; 7 Q an infornat ion report containing information on <br />t i+ondit. Pursuant to the servicing Agreenetrt, the servicer is <br />t�q;.tira3 <br />to file such reports on behalf of the Authority. The <br />At, t h -t i t y haFt rn-venant ed t t; f ; 1 P the rreport s requ i red to be filed, <br />ih- c. -d- PI-Ovideit that an issue is treated as satisfying tho <br />t ai:4K,trd areas and arbitrage requirements of the Cods if (i) the <br />isr-u-•i , in good faith, attempted to "eet these requirements, and <br />(; )) .4ny f a i l ut e to argot chasm requ i r r went s is due to inadvertent <br />Pr r r'r of tPr t ah;n�2 reasonable stej -. in complying with such <br />rQ r-irenta. <br />A?Ini t r 92 t L_ r,t L. he Cbd- ; ,..ntains special arbitrage <br />1,1(.visiors applicable t- issues of qualified mortgage bonds. <br />F I I --t , t h- Code provides t hat the *of fort ive rate of interest • on <br />t h r • clot t. , , a fire Loans my not exceed the yield on the dards by sore <br />than 1.135 percent. Second, the Code requires that issuers rebate <br />COUM MLtad Stater certain investment earnings on •nonpurpose <br />• Uffraettsants other than mortgages) to the extent that <br />Che 0MMMt Of MR& easttinga exceeds the amount that would have been <br />MtOsd an such iarsstsaats it those investments were earning a <br />Mttrsea equal to the yield ca the Goods . The Authority has direct ed <br />Chs 1UMUa to pay to the 901ted States the arbitrage earned On i t s <br />e0apuspOes laaasstmaot6 in aeoordtnnce with the computations of the <br />rbi e Amomt under the todenture and has covenanted not to take or <br />prsit two be taken any action wbieb would cause any Good to violate <br />MW of the arbitrage restriction applicable to the Goods under <br />SDOtioa ltirgi or section 144 of the Cods. In addition. the <br />AUUmwtty has dirsetad the Trwtae to comply with a Isttor of <br />trtcuat&one to be do ivevedGood Counsel slayitansousl with <br />UW Leswe coe and delivery of the surds wblcb contains proir�sleer <br />des i lned to asscare that the sub i t raw prvn to kers of *act lar 1s 1191 <br />sea 140 of t1W Code ars satisfied, <br />&Mcdo Ur4soG. TM Codeiris a poysmst to 00 cure c1es�tave mostwsss With eteaoset to <br />iron.. ,rhes► saes of it raide.oes t i.eeees by a <br />ta. 1r�..4F""WW t+evaalan".. as M ,141 a...a.tis a.� tam <br />:down" to dadma ow ee em ve ��t1a�t. i L aUq o <br />Ia ..�.. <br />so as so" me t& 6alol be as <br />wro <br />ofa ar ds�eee� ectesver ttr tOm oft ver MOWar�11 d4stw a temew sf am am* <br />nes was +: •Mw ad #AR~ to amm wm wmpm <br />