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<br />representing the general public, states or political subdivisions, 501(c)(3) organizations, <br />persons who provide housing and related facilities, or any combination of the foregoing; <br /> <br />(c) at least 95% of the receipts from the purpose investments shall be used to <br />pay principal, interest, or redemption prices on issues that financed the program, to payor <br />reimburse administrative costs of those issues or of the program, to payor reimburse <br />anticipated future losses directly related to the program, to finance additional purpose <br />investments for the same general purposes of the program, or to redeem and retire <br />governmental obligations at the next earliest possible date of redemption; <br /> <br />(d) the program documents shall prohibit any obligor on a purpose investment <br />financed by the program or any related party to that obligor from purchasing bonds of an <br />issue that finances the program in an amount related to the amount of the purpose <br />investment acquired from that obligor; and <br /> <br />(e) the City shall not waive the right to treat the investment as a program <br />investment. <br /> <br />Adopted: June 11,2007. <br /> <br />~. 4/~ <br />May'l <br /> <br />Attest ~ <br />Manage <br /> <br />2035126v3 <br /> <br />5 <br />