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Code. The amount so advanced shall be reimbursed to the special <br />reserve fund from the proceeds of redemption or sale of the parcel <br />for which payment of delinquent assessment installments was made <br />from the special reserve fund. <br /> <br /> B. If any assessment is prepaid before final maturity of the <br />bonds, the amount of principal which the assessee is required t6 <br />prepay shall be reduced by an amount which is in the same ratio to <br />the original amount of the special reserve fund as the original <br />amount of the prepaid assessment bears to the total amount of <br />assessments originally levied in Assessment District No. 1988-1, Old <br />Santa Rita Road. This reduction in the amount of principal prepaid <br />shall be balanced by a transfer from the special reserve fund to the <br />redemption fund in the same amount. <br /> <br /> C. The amounts deposited in the reserve fund will never <br />exceed 10% of the proceeds of the bond issue. Proceeds of <br />investment of the special reserve fund shall be deposited in the <br />investment earnings fund. <br /> <br />D. When the amount in the special reserve fund equals or <br />exceeds the amount required to retire the remaining unmatured bonds <br />(whether by advance retirement or otherwise), the amount of the <br />special reserve fund shall be transferred to the redemption fund, <br />and the remaining installments of principal and interest not yet due <br />from assessed property owners shall be cancelled without payment. <br /> <br /> Section 5.4. INVESTMENT EARNINGS FUND. Proceeds of the <br />investment of amounts in the improvement fund and the special <br />reserve fund (and the redemption fund if its earnings exceed <br /> <br /> 4 <br /> <br /> <br />