of the Principal Account, an amount equal to the principal of all Outstanding
Series A Bonds due on the next ensuing August 1;

           (c) (i) beginning on the twenty-fifth day, or if such day is not a
Business Day on the next succeeding Business Day, of the month following any
month in which money is transferred from the Reserve Account to the Interest
Account or the Principal Account to cure a deficiency therein, and on the
twenty-fifth day of each month thereafter, to the credit of the Equity
Subaccount, one-twelfth (1/12) of the amount or amounts so transferred until
the amount then on deposit in the Reserve Account is equal to the Reserve
Account Requirement and (ii) beginning in the month following a valuation made
in accordance with the Series A Resolution in which a loss resulting from a
decline in the value of investments held for the credit of the Reserve Account
is computed, and on the twenty-fifth day of each month thereafter, into the
Equity Subaccount one-twelfth (1/12) of the amount of such loss until the
amount of such loss is reimbursed.

           Section 5.03. Application of Money in Reserve Account;
                          Replenishment of Reserve Account.

           Simultaneous with the delivery of the Series A Bonds, an amount
equal to the Reserve Account Requirement shall be deposited in the Reserve
Account. Any funds contributed by the Board for deposit to the credit of the
Reserve Account shall be deposited in the Equity Subaccount, and any of the
proceeds of the Series A Bonds deposited to the credit of the Reserve Account
shall be deposited to the credit of the Proceeds Subaccount.

           The Trustee shall use amounts in the Reserve Account to make
transfers  to  the Interest Account and the Principal Account to the extent
necessary  to  pay  interest   on  and  principal  (whether  at   maturity  or  by
acceleration) of the Series A Bonds, whenever and to the extent that the money
on deposit to the Interest Account and the Principal Account is insufficient
for such purposes.  Amounts on deposit to the credit of the Proceeds Subaccount
shall be exhausted prior to the transfer of any amount on deposit to the credit
of the Equity Subaccount.

           Subject to the provisions of the Master Resolution, the Board shall
cause the State Treasurer to transfer from the Revenue Fund to the Equity
Subaccount, in twelve (12) equal monthly installments, the amount of any
transfer made from the Reserve Account pursuant to the preceding paragraph.

           Subject to the provisions of the Master Resolution, the Board shall
cause the State Treasurer to transfer from the Revenue Fund to the Equity
Subaccount, in twelve (12) equal monthly installments, the amount of any loss
resulting from a decline in the value of investments held for the credit of the
Reserve Account computed following a valuation made in accordance with the
Series A Resolution.

            The Board may at any time withdraw amounts on deposit to the credit
of the Proceeds Subaccount for its general purposes so long as, simultaneously
therewith, it shall deposit an equal amount of its funds to the credit of the
Equity Subaccount.
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