1989-042 - Laserfiche WebLink

Home Browse Search

APPENDIX D DEFINITIONS 1. "Act" shall mean Chapters 125 and 159, Florida Statutes (1987), as amended, and other applicable provisions of law. 2. "Additional Parity Bonds" shall mean additional bonds issued in compliance with the terms, conditions and limitations contained in the Resolution which have an equal lien on the Pledged Funds, as herein defined, and rank equally in all respects with all other Bonds issued under the Resolution as to lien and security for payment. 3. "Authorized Investments" shall mean any of the following investments, provided that such investments are at the time lawful investments under Section 125.31, Florida Statutes (1987), as amended: a. direct obligations of the United States of America and securities fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America ("Direct Obligations"); b. direct obligations and fully guaranteed certificates of beneficial interest of. the Export -Import Bank of the United States; senior debt obligations of the Federal Home Loan Banks; debentures of the Federal Housing Administration; guaranteed mortgage-backed bonds and guaranteed pass-through obligations of the Government National Mortgage Corporations; guaranteed Title XI financing of the U.S. Maritime Administration; mortgage-backed securities and senior debt obligations of the Federal National Mortgage Association; and participation certificates and senior debt obligations of the Federal Home Loan Mortgage Corporation (collectively, "Agency Obligations"); C. direct obligations of any state of the United States of America or any subdivision or agency thereof whose unsecured general obligation debt is rated "A3" or better by Moody's Investors Service and "A-" or better by Standard & Poor's Corporation, or any obligation fully and unconditionally guaranteed by any state, subdivision or agency whose unsecured general obligation debt is rated "A3" or better by Moody's Investors Service and "A-" or better by Standard & Poor's Corporation; d. commercial paper rated "Prime -1" by Moody's Investors Service and "A-1" or better by Standard & Poor's Corporation;