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M M RESOLUTION NO. 95-63 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: (i) all such excess amounts, if any, representing ad valorem taxes collected pursuant hereto shall be credited or refunded to the taxpayers of the County, to the extent required by law, in such manner as shall be determined by resolution of the County; and (ii) 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) not required by law to be returned or credited to the taxpayers in accordance with section 16(C)(i) above, 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. (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. 65 ®ooK 95 May 16, 1995