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(c) The remaining amounts in the Tax Increment <br />Revenue Account shall be deposited into the <br />General Account of the Allocation Fund and be <br />available only to do one (1) or more of the <br />( following: <br />(1) pay the <br />principal of and <br />interest on <br />any obligations <br />(including the Bonds) payable solely <br />from allocated <br />tax proceeds which <br />are incurred by the Redevelopment <br />District for <br />the purpose of <br />financing or <br />refinancing the <br />redevelopment <br />of the Allocation <br />Area; <br />(2) establish, augment, or restore <br />the debt service reserve for bonds <br />(including the Bonds) payable solely <br />or in part from allocated tax <br />proceeds in the Allocation Area; <br />(3) pay the principal of and <br />interest on bonds payable from <br />allocated tax proceeds in the <br />Allocation Area and from the special <br />tax levied under Section 27 of the <br />Act; <br />(4) pay the principal of and <br />interest on bonds issued by the City <br />to pay for local public improvements <br />in the Allocation Area; <br />(5) pay premiums on the redemption <br />before maturity of bonds payable <br />solely or in part from allocated tax <br />proceeds in the Allocation Area; <br />(6) make payments on leases payable <br />from allocated tax proceeds in the <br />Allocation Area under Section 25.2 <br />of the Act; <br />(7) reimburse the City for <br />expenditures made by it for local <br />public improvements (which include <br />buildings, parking facilities, and <br />other items described in Section <br />25.1(a) of the Act) within the <br />Allocation Area; <br />22 <br />