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anticipation notes are issued by the Issuer to pLovide interim <br />financing for all or part of the Cost of the Project, and as long <br />as such notes are outstanding and unpaid or until adequate provi- <br />sion has been made for payment of the same, disposition of money <br />on deposit in the Construction Fund and Notes Payment Account may <br />be controlled by the provisions of any resolution authorizing the <br />issuance of such notes and any escrow deposit agreement executed <br />between the Issuer and the escrow holder for the protection of <br />the holders of such notes. <br />The Issuer's share of any liquidated damages or other <br />money paid by de -faulting contractors or their sureties, and all <br />proceeds of insurance compensating for damages to the Project <br />during the period of acquisition and construction, shall be depo- <br />sited in the Construction Fund to assure completion of the <br />Project. <br />Money in the Construction Fund shall be secured by the <br />depository bank in accordance with U.S. Treasury Department <br />Circular 176 and in the manner prescribed by the laws of the <br />State of Florida relating to the securing of public funds. When <br />the money on deposit in the Construction Fund exceed the esti- <br />mated disbursements on account of the Project for the next 90 <br />days, the Issuer may direct the depository bank to invest such <br />excess funds in direct obligations of, or obligations the prin- <br />cipal of and interest on which are guaranteed by, the United <br />States of America, which shall be subject to redemption at any <br />time at face value pursuant to the request of the holder thereof. <br />The earnings from any such investment shall be deposited in the <br />Construction Fund. <br />When the construction of the Project has been completed <br />and all construction costs have been paid in full, all funds <br />remaining in the Construction Fund, except grant funds, shall be <br />deposited in the Sinking Fund, and the Construction Fund shall be <br />closed. <br />All money deposited in the Construction Fund shall be <br />and constitute a trust fund created for the purposes stated, and <br />there is hereby created a lien upon such fund in favor of the <br />holders of the Bonds until the money thereof shall have been <br />applied in accordance with this Instrument. <br />ARTICLE IV <br />MISCELLANEOUS PROVISIONS <br />4.01 Modification or Amendment. No material modifica- <br />tion or amendment of this Instrument may be made without the con- <br />sent in writing of the holders of two-thirds or more in principal <br />-22- <br />