(b) fees and expenses of engineers and architects for
surveys and estimates and other preliminary investigations, prepa-
ration of plans, drawings and specifications and supervising
construction, as well as for the performance of all other duties of
engineers and architects in relation to the planning and construc-
tion of the Series 0 Project or in connection with the issuance of
the Series 0 Bonds;

          (c) to the extent of any surplus remaining after payment
of all of the costs of the Series 0 Project, toward the cost of
movable furnishings and fixtures for said Series 0 Project; and

          (d) interest accruing on the Series 0 Bonds during
construction of the Series 0 Project, not otherwise provided.

          Section  6.04.   Application  of Excess   Proceeds  after
Completion of Series 0 Project. When the Series 0 Project shall
have been completed and audited, any balance remaining in the
Series 0 Construction Fund and not necessary, in the opinion of the
Board, to be reserved for the payment of any remaining part of the
costs of the Series 0 Project, may, upon order of the Board, be
applied, in whole or in part, to (i) deposit with the Trustee for
credit to the 1965 Debt Service Reserve, or (ii) the cost of
constructing, reconstructing or completing educational buildings
for housing or dining purposes upon the campus of the University in
Fayette County, Kentucky, including necessary appurtenant facili-
ties, furnishings and equipment, if the same will, when completed,
constitute parts of the Housing and Dining System, or (iii) reten-
tion in the Series 0 Construction Fund for the purpose of reducing
the amount of a subsequent series of the Board's Housing and Dining
System Revenue Bonds issued under the Trust Indenture and in
accordance with the conditions and restrictions therein prescribed.

          Section 605.   Investment of Moneys in Series 0 Construc-
tion Fund. If it be determined at any time by the Board that the
moneys on deposit in the Series 0 Construction Fund exceed the
estimated disbursements on account of said Series 0 Project for the
ensuing two (2) months, such excess may be invested by the State
Treasurer upon orders of the Board in (i) direct obligations of the
United States of America or obligations which are fully guaranteed
by the United States of America, or (ii) negotiable or non-negotia-
ble certificates of deposit issued by any bank, trust company or
national banking association (including the Trustee) which is
insured by the Federal Deposit Insurance Corporation; provided that
if any certificate of deposit shall exceed the amount of such
insurance, the amount of any certificate of deposit in excess of
that covered by such insurance must be secured by a first and prior
pledge of obligations described in clause (i) above having market
values of not less than 100% of the excess, or (iii) as provided in
KRS 42.500(8).  Such investments shall be selected in such manner
as to mature according to estimates of Architects charged with
supervision of construction, not later than the time or times when
it is anticipated that cash will be required for authorized



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