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Ak ' <br />special accounts within the Allocation Fund, in the following <br />order of priority: <br />(1) Bond Principal and Interest Account. <br />(2) Reserve Account. <br />All money in each of the accounts in the Allocation Fund <br />shall be held in trust for the benefit of the holders of the <br />Bonds and shall be applied, used and withdrawn only for the <br />purposes authorized in this Section 5. The proceeds of the <br />Allocation Fund shall be deposited with a legally qualified <br />depositor or depositories for funds of the City as now provided <br />by law and shall be segregated and kept separate and apart <br />from all other funds of the City and may be invested in <br />accordance with the provisions of IC 5 -13 -1 and any acts <br />amendatory thereof or supplemental thereto. <br />(a) Bond Principal and Interest Account. <br />There shall be set aside within the Allocation <br />Fund and deposited in the Bond Principal and Interest <br />Account an amount of money which, together with <br />any money contained therein, is equal to the <br />aggregate amount of the interest becoming due that <br />calendar year payable on all outstanding Bonds and <br />the aggregate principal amount of the outstanding <br />Bonds becoming due and payable on the next principal <br />payment date. No deposit need be made into the <br />Bond Principal and Interest Account if the amount <br />contained therein is at least equal to the aggregate <br />amount of the interest becoming due and payable on <br />all outstanding Bonds during that calendar year <br />and the aggregate principal amount of the outstanding <br />Bonds maturing by their terms on the next succeeding <br />principal payment date. All money in the Bond <br />Principal and Interest Account shall be used and <br />withdrawn solely for the purpose of paying the <br />interest on and the principal of the Bonds as it <br />shall become due and payable to the extent it is <br />required therefor (including accrued interest on <br />any Bonds purchased or redeemed prior to maturity). <br />(b) Reserve Account. There shall be set <br />aside from the Allocation Fund and deposited in <br />the Reserve Account an amount of money that shall <br />be required to maintain the Reserve Account in the <br />full amount of the Debt Service Reserve Requirement <br />(as defined below). No deposit need be made in <br />the Reserve Account so long as there shall be on <br />deposit therein a sum equal to the lesser of fifteen <br />percent (15 %) of the original issuance price of <br />the Bonds or the average annual principal and <br />-14- <br />