The Sinking Fund Commission shall not authorize, and the Escrow Agent shall not make, any transfer from any Sinking Fund account to any other Sinking Fund account or to any other fund except for (a) the transfer of funds in the Reserve Account to the Unvoted Tax Supported Obligations Account and the Unvoted Self- Supporting Obligations Account in connection with the elimination of the Reserve Account, and (b) in the event there are no longer outstanding any obligations for the payment of debt charges on which a Sinking Fund account is held, then the Sinking Fund Commission may authorize and instruct the Escrow Agent in writing to transfer the balance in such account to any other Sinking Fund account.
(Ord. No. 944-96. Passed 6-10-96, eff. 6-19-96)