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County, and the Bonds shall not constitute a lien upon any property owned by or <br />situated within the County. <br />Flow of Funds. All proceeds of the Sales Tax shall be deposited <br />into the Revenue Fund created by the Master Bond Resolution. <br />Sales Tax revenues on deposit in the Revenue Fund shall be disposed <br />of monthly in the following order of priority: <br />(1) A deposit shall be made to the Sinking Fund <br />in an amount sufficient to pay in equal monthly amounts <br />all interest becoming due on the next interest payment <br />date on the Current Interest Paying Bonds plus (1/6) <br />one-sixth or (1/12) one -twelfth, as the case may be, of <br />all principal maturing on the Current Interest Paying <br />Serial Bonds on the next maturity date, plus (1/6) one- <br />sixth or (1/12) one -twelfth, as the case may be, of the <br />Compounded Amount next becoming due on any Serial <br />Capital Appreciation Bonds as well as an amount <br />sufficient to pay the fees and charges of the Bond <br />Registrar and paying agents. <br />(2) On a parity with the previously described <br />deposits, revenues shall simultaneously be applied and <br />allocated to the "Refunding and Improvement Revenue <br />Bonds, Bond Amortization Fund" (the "Bond Amortization <br />Fund"). The amount to be deposited in the Bond <br />Amortization Fund will be equal to (1/6) one-sixth of <br />the Amortization Installment required to be made on the <br />next semiannual payment date or (1/12) one -twelfth of <br />the Amortization Installment required to be made on the <br />next annual payment date for Term Bonds. <br />Credit shall be allowed against the total interest <br />Amortization Installments and principal due on the next <br />interest and principal payment dates for any other funds <br />on hand and available for such purposes in the Sinking <br />Fund and Bond Amortization Fund. <br />(3) Moneys remaining in the Revenue Fund shall <br />next be deposited in a Reserve Account within the <br />Sinking Fund to maintain a balance equal to the Maximum <br />Debt Service Requirement on the Bonds. The County may <br />substitute a qualified municipal bond insurance policy <br />C-4 <br />