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• (3) the Trustee's fees and expenses and other administrative charges next due - Expense Account in the Bond Fund; and (4) the amount which may be necessary to increase the Debt Service Reserve Account to the required level - Debt Service Reserve Account in the Bond Fund; and (5) the amount necessary to pay any arbitrage rebate due under Section 148(0 of the Code-Expense Account in the Bond Fund; and (6) balance-Redemption Account in the Bond Fund. The deposits made into the Debt Service Account in the Bond Fund shall be reduced in order to take into account as a credit (a) interest earnings, (b) accrued interest deposited therein from Bond proceeds and(c) transfers from the Debt Service Reserve Account. Moneys in the Permanent Account in the Revenue Fund shall be applied by the Trustee within five(5) days of receipt by the Trustee in the following order of priority: (A) in the event moneys in the Bond Account are insufficient to make the deposits required by clauses (1)through(5) above, moneys in the Permanent Account shall be used for such purpose in the order of priority listed above; and (B) the balance shall be transferred to the City for Permanent Tax Uses. The Bond Fund. There is created by the Authorizing Ordinance a special fund of the City in the Trustee which is designated "Sales and Use Tax Bond Fund, Series 2012" (the "Bond Fund") for • the purpose of providing funds for the payment of principal of and interest on the Bonds as they become due at maturity or at redemption prior to maturity, any arbitrage rebate due the United States under Section 148(0 of the Code and the Trustee's fees and expenses and other administrative charges in connection with the Bonds. There shall be established in the Bond Fund the following accounts into which moneys shall be deposited: (i) Debt Service Account; (ii) Redemption Account; and (iii) Expense Account. Moneys in the following Bond Fund accounts shall be used on each interest payment date in the following order of priority as and when necessary: (1) to pay the Trustee's fees and expenses and other administrative charges then due- Expense Account; and (2) to pay the interest on the Bonds then due - Debt Service Account; and (3) to pay the principal of the Bonds then due at maturity or upon mandatory sinking fund redemption- Debt Service Account; and (4) to redeem Bonds prior to maturity- Redemption Account. In addition, moneys in the Expense Account in the Bond Fund shall be used to pay, when due, any arbitrage rebate under Section 148(f) of the Code. There shall also be established and maintained in the Bond Fund a Debt Service Reserve Account in an amount equal to equal to one-half of the maximum annual principal and interest requirements on the Bonds (the "required level"). The City shall fund the Debt Service Reserve Account with Bond proceeds. Moneys in the Debt Service Reserve Account shall be used to make the payments described in clauses(2) and(3) above if moneys in the Debt Service Account in the Bond Fund are not otherwise sufficient for that purpose. Moneys in the Debt Service • Reserve Account over and above the required level shall be immediately transferred from the 13