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deemed one and the same fund administered, for purposes of the Regional <br />Agreement as the Regional Expansion Fund, and for purposes of Bond <br />Documents and this Agreement, the Rate Stabilization Fund. The parties agree <br />that all funds on deposit in the Regional Expansion Fund, except those which <br />have been encumbered or otherwise reserved for the purpose of constructing <br />authorized Regional Facilities, shall be deemed funds on deposit in the Rate <br />Stabilization Fund. The District represents that the amount of said balance is <br />$21,000,000 as of October 20, 2000. Upon City's request, City may inspect <br />District's financial information and records, in a form reasonably acceptable to <br />City, to verify the amount of funds on deposit in the Rate Stabilization Fund. <br />(b) Investments. Securities purchased and maintained by District with <br />revenues in the Rate Stabilization Fund shall be limited to those having a <br />remaining term to maturity of five (5) years or less. Notwithstanding the <br />foregoing, District shall maintain at all times an amount equal to at least one <br />year's Maximum Annual Expansion Projects Debt Service invested in securities <br />having one year or less remaining to maturity, or having a guaranteed liquidated <br />value of one hundred (100) percent of the amount invested therein. All <br />investments by District of monies in the Rate Stabilization Fund may be made by <br />depositing the same in the Local Agency Investment Fund established in the <br />State Treasury pursuant to Government Code Section 16429.1 and otherwise <br />shall be limited to securities eligible for investment by governmental agencies <br />pursuant to Government Code Section 53635. <br />(c) Bond Target Level. From and after the Effective Date and <br />through and including June 30, 2015, the annual adjustments to the Regional <br />Connection Fee shall take into consideration the generation of revenues to <br />achieve and maintain the Bond Target Level. For purposes of calculating the <br />Maximum Annual Expansion Projects Debt Service upon which the Bond Target <br />Agmt-41 11 <br />f/sh/sh/DSRSD <br />DES:r <br />12/S~OOr <br />