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B. The last sentence of Clause (2) of Subsection B shall be <br />amended to read as follows: <br />"In the event the Revenues on deposit in the Sinking <br />Fund and the Revenue Fund are insufficient for such <br />purpose, the County shall transfer money to the Bond <br />Amortization Account from the following funds in the <br />indicated order of priority: First, the Reserve Account <br />and, second, the Bond Redemption Account." <br />C. Clause (3) of Subsection B shall be redesignated as Clause <br />11(4)" and the following new Clause (3) shall be inserted: <br />" (3) Third, the County shall deposit into an <br />account within the Sinking Fund to be known as the <br />"Reserve Account", which is hereby created and <br />established, the sum, if any, necessary to increase the <br />amount in the Reserve Account to an amount equal to the <br />lesser of (a) the maximum amount of principal and <br />interest on all outstanding Bonds becoming due in any <br />ensuing Fiscal Year or (b) ten percent (10%) of the <br />proceeds of the Bonds; in the event that the Revenues <br />on deposit in the Revenue Fund are insufficient for such <br />purposes, the County shall transfer money to the Reserve <br />Account from the Bond Redemption Account. The Reserve <br />Account may initially be funded from the proceeds of the <br />sale of the Bonds or other legally available funds of <br />the County. The value of the Reserve Account, including <br />investments on deposit therein, shall be determined <br />annually on the first day of the Fiscal Year of the <br />County by a Qualified Independent Consultant, who may <br />be the accountant for the County, using the fair market <br />method of valuation. No further deposits shall be <br />required to be made into the Reserve Account so long as <br />the value thereof (including any Reserve Account Credit <br />Instrument as described below) equals the amount <br />required to be maintained therein, as provided in the <br />first sentence of this clause (3). <br />" Notwithstanding the foregoing provisions, in lieu <br />of, in whole or in part, the required deposits into the <br />Reserve Account, the County may cause to be deposited <br />into the Reserve Account any of the following (each a <br />"Reserve Account Credit Instrument"): <br />- 3 - <br />