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the <br />in subst <br />the reei <br />such not <br />and by i <br />centum ( <br />fund whi <br />Project <br />the "Pro <br />in a ban <br />oration. <br />Loan Rep <br />Agency: <br />ach such Project,Temporary Loan Note placed in the custody of <br />nment for acceptance of delivery and payment therefor or issued <br />t to the expiration of the Initial Loan Period shall be issued <br />ntially the foregoing form, as modified by striking therefrom <br />als pertaining to the interest rate or rates to be borne by each <br />, commencing with the words "at the rate or rates as follows: ", <br />serting in lieu thereof the following: "at the rate of Four per <br />.0'06) per annum." <br />ection 4. That there is hereby established a sepa;rate and special <br />h is hereby desigr_•.`ed the "Project Temporary Loan] Repayment Fund; <br />o. Indiana R -29 ", said Fund being,elsewhere herein referred to as <br />ect Temporary Loan Repayment Fund ". Said Fund shall be maintained <br />or banks which are members of the Federal Deposit Insurance Corp - <br />The following moneys '_zhall be deposited in the Project Temporary <br />yment Fund as and when such moneys are received b� the Local Public <br />a) The proceeds of all sales of Project Land by the Local <br />Public Agency; <br />All payments which are made by the Government to the <br />Local Public Agency on account of the Projec ^apital Grant; <br />All lease proceeds which the Local Public Agency derives <br />under leases by it of Project Land, but not beyond the date <br />of the establishment by the Local Public Agency of a fund <br />to secure the payment of a Project Definitive Loan which <br />may be secured, in whole or in part, by a lien upon and <br />pledge of such lease proceeds: Provided, That such lease <br />proceeds shall not be deemed to include income derived by <br />the Local Public Agency directly from its temporary operation <br />of Project Land pending its preparation and ultimate sale, <br />lease, or retention of Project Land; <br />All moneys constituting compensation by the Local Public <br />Agency for Project Land which it retains instead of selling <br />or leasing; <br />�} All moneys which may be provided by the Local Public Agency <br />from sources other than the Government or from the proceeds <br />of a Project Definitive Loan, if any, to compensate the Pro- <br />ject Temporary Loan Repayment Fund for the fair value imputed <br />to Project Land which is leased by the :local Public Agency <br />rather than sold by it for cash; <br />All such Local Grants -in Aid in the form of deficiency cash <br />grants as, after the Gross Project Cost and the Net Project <br />Cost have been determined and the payment of all costs com- <br />prising Item I of Gross Project Cost has been duly made or <br />provided for and all other Local Grants -in -Aid applicable <br />to the Project which have been provided have been determined, <br />- 5 - <br />