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or the Project may be furnished to any other person the Finance Authority, in its judgment, deems <br /> necessary or desirable in its operation and administration of the Drinking Water SRF Program. <br /> Section 3.06. Tax Covenants. The Participant hereby covenants that it will not take, or <br /> cause or permit to be taken by it or by any party under its control, or fail to take or cause to permit <br /> to be taken by it or by any party under its control, any action that would result in the loss of the <br /> exclusion from gross income for federal income tax purposes of interest on the Bonds pursuant to <br /> Section 103 of the Code. The Participant further covenants that it will not do any act or thing that <br /> would cause the Bonds to be "private activity bonds" within the meaning of Section 141 of the <br /> Code or"arbitrage bonds"within the meaning of Section 148 of the Code. In furtherance and not <br /> in limitation of the foregoing, the Participant shall take all action necessary and appropriate to <br /> comply with the arbitrage rebate requirements under Section 148 of the Code to the extent <br /> applicable to the Participant or the Bonds, including accounting for and making provision for the <br /> payment of any and all amounts that may be required to be paid to the United States of America <br /> from time to time pursuant to Section 148 of the Code. <br /> Section 3.07. Non-Discrimination Covenant. Pursuant to and with the force and effect <br /> set forth in I.C. 22-9-1-10,the Participant hereby covenants that the Participant, and its contractor <br /> and subcontractor for the Project, shall not discriminate against any employee or applicant for <br /> employment,to be employed in the performance of this Agreement,with respect to the hire,tenure, <br /> terms, conditions or privileges of employment, or any matter directly or indirectly related to <br /> employment, because of race, color, religion, sex, disability, national origin or ancestry. <br /> (End of Article III) <br /> B-15 <br />