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100 percent of the theretofore unpaid Excess Investment Earnings <br />of the Bonds. In the event that there are any amounts remainin~ <br />in the Excess Investment Earnings Fund followin~ the payment <br />required by the precedin~ sentence, the Treasurer shall pay said <br />amounts to the City to be used for any lawful purpose of the <br />City. The Treasurer shall remit payments to the United States <br />at the address prescribed hy the Regulations as the same may he <br />in time to time in effect with such reports and statements as <br />may he prescribed hy such Regulations. In the event that, for <br />any reason, amounts in the Excess Investment Earnings Fund are <br />insufficient to make the payments to the United States which are <br />required hy this subsection (d), the Treasurer shall assure that <br />such payments are made to the United States, on a timely hasis, <br />from any funds lawfully available therefor. <br /> <br /> (e) Further Obligation of Treasurer. The Treasurer <br />shall assure that Excess Investment Earnings are not paid or <br />disbursed except as required herein. To that end, the Treasurer <br />shall assure that investment transactions are on an arm's length <br />hasis. In the event that Nonpurpose Obligations consist of <br />certificates of deposit or investment contracts, investment in <br />such Nonpurpose Obligations shall he made in accordance with the <br />procedures described in applicable Regulations as from time to <br />time in effect. <br /> <br /> (f) Maintenance of Records. The Treasurer shall keep, <br />and retain for a period of six (6) years followin~ the <br />retirement of the Bonds, records of the determinations made <br />pursuant to the provisions hereof. <br /> <br /> (~) Independent Consultants. In order to provide for <br />the administration of these Arhitra~e and Rebate Covenants, the <br />Treasurer may provide for the employment of independent <br />attorneys, accountants and consultants compensated on such <br />reasonable hasis as the Treasurer may deem appropriate. <br /> <br /> 8 <br /> <br /> <br />