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All mnounts to be - disbursed under this Section 4.02 must be consented to,, in <br />writing, by the Commissioner of MMB, and no such disbursements shall be made <br />without such consent. <br />The GTantee shall not be required to pay or reimburse the Council or the <br />Commissioner of MMB for any fimds above and beyond the full net proceeds of such <br />sale,, even if such net- proceeds are less than the amount of the Outstanding Balance of the <br />G. 0. Gra-ct. <br />FWJ1 W_ M <br />Wel 115 1 W a FLN 9 to) DIM1, I lop EMIX-10M I W 11 - Ll 9 Ltd 02 a, <br />Section 5.02 Preservation of Tax Exempt Status. In order to preserve the t <br />exempt status of the State G.O. Bonds, the Grantee agrees as follows: 1 <br />A. It will not use the Real Property or Facility, or use or 'invest the G. C <br />Grant or any other sums treated as "bond proceeds" under Section 148 of the Coddrl;4i <br />including "'investment proceeds," "-invested sinking funds," and "replaceme <br />ltiroceeds,' in such a manner as to cause the G.O. Bonds to be classified a- <br />1.4 0 <br />N arbitrage bonds" under Section 148 of the Code. I <br />B. It will deposit into and hold all of the G.O. Grant that it receives under <br />this Agreement in a segregated non-interest bearing account until such funds are <br />used for payments for the Project in accordance with the provisions contained <br />herein. <br />C. It will, upon written request, provide the Commissioner of MMB al <br />information required to satisfy the informational requirements set forth in the Cod <br />including, but not limited to, Sections 103 and 148 thereof, with respect to the G. <br />Bonds- i <br />a <br />