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u <br />Contingencv Fund <br />• <br />The deposits to the Contingency Fund are the same for both funds. An excerpt <br />from Section 7.06 of the RE50LUTION AUTHORIZING THE ISSUANCE AND SALE OF <br />X5,000,000 CONTRACT REVENUE BONDS, SERIES I 1988 AND AUTHORIZING AN AGREEMENT <br />WITH THE PAYING AGENT/REGISTRAR reads: <br />7.06. Contingencv Fund. The Authority agrees to cause to be <br />deposited to the Contingency Fund, commencing upon the Sale of <br />Water, from available Net Revenues, monthly amounts equal to at <br />least $2,083.33 until there has been accumulated in said Fund a <br />total sum (the "Minimum Contingency Fund Balance") equal to <br />X100,000. <br />The Authority will begin selling water in January of 1990, therefore there <br />will be 9 months of X2,083.33 deposits (or X18,749.97) in Fiscal Year 1989-90. <br />