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Investments maturing at such time or times as will make the proceeds thereof available when needed. All income derived therefrom shall be deposited into the Series 1996 Rebate Account to the extent required and the excess, if any, into the Series 1996 Construction Fund. All expenditures or disbursements from the Series 1996 Construction Fund shall be made only after such expenditures or disbursements shall have been approved in writing by the County and, where applicable, by the Consulting Engineers. The date of completion of each phase of each of the Series 1996 Projects shall be determined by the Consulting Engineers, who will certify such facts in writing to the Board. SECTION 18. SERIES 1996 FUNDS AND ACCOUNTS. There is hereby created and established the "Series 1996 Sinking Fund" within the Sinking Fund, the "Series 1996 Bond Amortization Account" within the Bond Amortization Fund, and the "Series 1996 Reserve Account" within the Reserve Account. The Series 1996 Sinking Fund, the Series 1996 Bond Amortization Account, the Series 1996 Reserve Account, and the Series 1996 Rebate Account shall not in any manner affect the parity of the Series 1996 Bonds and the Series 1993 Bonds, and are established solely for the accounting convenience of the County. Revenues and other amounts deposited in the Sinking Fund for the Series 1996 Bonds shall be held in the Series 1996 Sinking Fund. Revenues and other amounts deposited in the Bond Amortization Fund for the Series 1996 Bonds shall be held in the Series 1996 Bond Amortization Fund. Revenues and other amounts deposited in the Reserve Account for the Series 1996 Bonds shall be held in the Series 1996 Reserve Account. SECTION 19. COVENANTS OF THE COUNTY. The provisions of Section 17 of the Original Resolution shall be deemed applicable to this Resolution and shall apply to the Series 1996 Bonds issued pursuant to this Resolution as though fully restated herein. SECTION 20. AMENDING AND SUPPLEMENTING OF RESOLUTION. The provisions of Section 25 of the Original Resolution shall be deemed applicable to this Resolution and shall apply to the Series 1996 Bonds issued pursuant to this Resolution as though fully restated herein. SECTION 21. DEFEASANCE. The provisions of Section 24 of the Original Resolution shall be deemed applicable to this Resolution and shall apply to the Series 1996 Bonds issued pursuant to this Resolution as though fully restated herein. SECTION 22. TAX COVENANTS. With respect to the Series 1996 Bonds for which the County intends on the date of issuance thereof for the interest thereon to be excluded from gross income for pur- poses of Federal income taxation: (A) The County shall not use or permit the use of any proceeds of the Series 1996 Bonds or any other funds of the County, directly or indirectly, to acquire any securities or obligations, and shall L__ 8