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representing the general public, states or political subdivisions, SU1(c)(3) organizations, <br />persons who provide housing and related facilities, or any combination of the ��oregoing, <br />(�� 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 pay or <br />reimburse administrative costs of those issues or of the program, to pay or reimburse <br />anticipated future losses directly related to the progr�.m, to ��.a�ace 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 />�d� the program documents shall prohibit any obligor on a purpose investment <br />tin�nc� 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 />�e� the City shall not waive the right to treat the investment as a program <br />investment. <br />Adopted: June 11,2007 <br />Mayor <br />Attest <br />Manager <br />