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<br />A TT ACHMENT L-2 <br /> <br />03/13/06 <br /> <br />$507,815,000 <br />PUBLIC UTILITIES COMMISSION <br />OF THE CITY AND COUNTYOFSAN FRANCISCO <br />SAN FRANCISCO WATER REVENUE BONDS, 20U6SERIESA <br /> <br />$11.0,.065,000 <br />PUBLIC UTILITIES COMMISSION <br />OF THE CITY AND COUNTY OF SAN FRANCISCO <br />SAN FRANCISCO WATER REVENUE BONDS, 2006 REFUNDING SERIES B <br /> <br />CERTIFICATE REGARDING USE OF PROCEEDS <br /> <br />The undersigned hereb,ystatesand certifies as follows: ' <br /> <br />(i) The i.mdersigned is the General Manager ofille Public Utilities ComlTlission of <br />the City and County of San Francisco (the i'Commlssion"J.and is authQriied :to executelhis <br />certificate on behalf of the Commission and is knowledgeable with respect to the .matters set <br />forth herein. <br /> <br />(ii) On the date hereof, the Commission is issuing the two series of bonds captioned <br />above (the "2006 Series A Bonds," the "2006 Refunding Series B Bonds" arid, together, the <br />"Bonds") pursuant to an Amended and Restated Indenture dated as of August 1,2002 and the <br />First Supplemental Indenture dated as of March 1, 2006 (collectively, the "Jndenture"), both by <br />andbelween the Commis,sionand U,S. Bank National Association, as trustee (the "Trustee"). <br /> <br />,(Hi) The Trustee.will transfer and deposit the proceeds. of the 2006 Series A Bonds <br />rec~jvfJd by the TrlIsteeon tpedate, hereof as fOllOWS:, <br /> <br />(l) $48,212,,528.32 Will be depOSited in the 2006 SerIes A Capitalized Jnterest <br />ACGountestablished withinfhe 'Inte.rest Fund; <br /> <br />(2) $15,958:031.25 will be deposited in the 2006 Series A Reserve Accolln.t of <br />the Bond Reserve Fund; <br /> <br />(3) $623,906.09 will be deposited in the 2006 Series A Costs of Issuance Fund; <br /> <br />(4) $120,622,352.19 will be deposited in the 2006 Series A Refunding Fund and <br />transferred pursuant to Irrevocable Refunding Instructions of the Commission dated the <br />date hereof; and <br /> <br />(5) the remaining $338..600.,816.86 will be transferred to the Treasurer for <br />-deposit to the 2006 SeriesA Project Fund. <br /> <br />(iv) The proceeds of the 2006 Series A Bonds transferred pursuant to the Irrevocable <br />Refunding Instructions of the Commission will be used to defease and refund the Gommission's <br />Commercial Paper Notes (Water Series) on a current basis. The Notes were issued to finance <br />a portion of the facilities described in Exhibit A hereto. <br /> <br />(v) The proceeds of the Bonds deposited in the 2006 Series A Project Fund will be <br />used to finance a portion of the facilities described in Exhibit A hereto~ <br />