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(a) To the extent that the balance in the special reserve <br />fund is less than the limit described in Section 5.3 (C), a <br />transfer will be made from the investment earnings fund to the <br />special reserve fund. <br /> <br /> (b) The remaining balance in the investment earnings fund, <br />if any, will be transferred to the improvement fund until the <br />improvement is completed and the improvement fund is closed; <br />thereafter the balance in the investment earnings fund will be <br />transferred to the redemption fund to be used, in the discretion <br />of the Director of Finance, as a credit upon the annual <br />installments of assessments or for the advance retirement of <br />bonds. <br /> <br /> The Director of Finance is authorized to retain independent <br />attorneys, accountants and other consultants to assist in <br />complying with Federal requirements. <br /> <br /> Section 5.5. ARBITRAGE REBATE FUND. Amounts in the <br />arbitrage rebate fund shall be invested in the same manner as <br />amounts in the other funds and shall be held in trust for rebate <br />to the United States at the times required by Section 148 of the <br />United States Internal Revenue Code and regulations adopted <br />thereunder. <br /> <br /> Section 5.6 RETURN OF UNCLAIMED FUNDS. Other provisions of <br />this resolution to the contrary notwithstanding, the Bank shall <br />return to the City any funds held by it hereunder not later than <br />thirty (30) days before those funds would escheat to the State of <br />California under any law now or hereafter enacted. <br /> <br /> <br />