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Allocation Area is located in an enterprise <br />zone created under IC 4- 4 -6.1, deposit such <br />Excess Funds in a special fund created for the <br />enterprise zone and used as required by law; <br />provided, however, to the extent portions of <br />the Allocation Area are not within an <br />enterprise zone, the Excess Funds deposited <br />into the special fund shall be reduced on a pro <br />rata basis based on the percentage of the <br />enterprise zone contained in the Allocation <br />Area as provided in Section 39(g) of the Act. <br />When no part of the Allocation Area is located <br />in an enterprise zone then the Excess Funds <br />shall be deposited as provided in subsection <br />(e)- <br />(e) Except as provided in subsection (d), <br />before July 15th of each year, the Commission <br />shall (1) determine the amount, if any, of <br />Excess Funds in the following year, and (2) <br />notify the Auditor of St. Joseph County of the <br />amount, if any, of the Excess Funds that the <br />Commission has determined may be paid to the <br />respective taxing units entitled thereto, <br />provided that the Commission may not authorize <br />a payment to the respective taxing units under <br />this subsection if to do so would endanger the <br />interests of the holders of the bonds <br />(including the Series 1992 Bonds) described in <br />subsection (c) of this Section 5. <br />The Tax Increment, other than the Excess Funds, shall be <br />irrevocably pledged for the purpose set forth in this Section 5. <br />The term "Qualified Investments" means any of the <br />following that are also permitted under IC 5 -13 -1: <br />(a) directs obligations of (including <br />obligations issued or held in bond entry form <br />on the books of the Department of the Treasury <br />of the United States of America), or <br />obligations the principal of and interest on <br />which are unconditionally guaranteed by the <br />United States of America; <br />(b) bonds, debentures or notes or other <br />evidence of indebtedness payable in cash issued <br />by any one or a combination of any of the <br />following federal agencies whose obligations <br />represent full faith and credit of the United <br />States of America: Export Import Bank of the <br />United States, Federal Financing Bank, Farmer's <br />24 <br />