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Security
The bonds are payable from the Agency's revenues and any money appropriated or transferred to the Agency by the Government of Puerto Rico. Revenues are derived mainly from principal and interest payments on municipal bonds purchased by the Agency. The Bondholders are also protected by a Reserve Fund which equals the maximum debt service payment of the bonds on any given year and moral obligation of the Government of Puerto Rico to restore amounts drawn from the Reserve Fund.
Functions
The Agency is a municipal bond bank, with the purpose of consolidating the credits and financing requirements of numerous municipalities.
Trustee Under the Trust Indenture:
2005, 2002, 1999, 1998, 1994, and 1992 Series A Bonds
Banco Popular de Puerto Rico, San Juan, PR
2005 Series A
US Bank, MN
Financial Statements Audited by:
Deloitte & Touche LLP
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