UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
This material is made available to facilitate private study, scholarship, or research. It may be protected by copyright, trademark, privacy, publicity rights, or other interests not owned by UNLV. Users are responsible for determining whether permissions are necessary from rights owners for any intended use and for obtaining all required permissions. Acknowledgement of the UNLV University Libraries is requested. For more information, please see the UNLV Special Collections policies on reproduction and use (https://www.library.unlv.edu/speccol/research_and_services/reproductions) or contact us at special.collections@unlv.edu.
Digital Provenance
Digitized materials: physical originals can be viewed in Special Collections and Archives reading room
Publisher
University of Nevada, Las Vegas. Libraries
Transcription
Funds and Covenants: A proposed Appendix A to this Official Statement will contain provisions for the establishment of revenue funds and covenants relating to the payment of the bonds. The following is a preliminary statement of some of the points to be covered in the Appendix: 1. Revenue Fund: All revenues from the enterprise will be paid into the Revenue Fund. The first call on the Revenue Fund is maintenance and operating expenses. Second is bond interest and redemption. Third is depreciation. 2. Bond Service Fund: On the first day of each month at least l/l2 of the next maturity of principal and at least l/6 of the next semiannual interest payment must be transferred from the Revenue Fund to the Bond Service Fund. The Bond Service Fund must be maintained so that at least one month before a principal or interest payment is due the full amount necessary therefor will be available in cash. 3. Reserve Fund: The District will deposit into the Reserve Fund an account in cash equal to the maximum principal and interest require- 12
