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KEY REGULATORY REQUIREMENTS (Continued)Administration andFinance (Continued)Function Governing Regulatory Focus of StandardAuthorityStandard(s)Bond covenants from <strong>the</strong> Net Assets to Long Financial IndicatorMaster Trust Indenture Term Debtand contractualagreements with Bankof AmericaDebt Service CoverageRatioFinancial IndicatorExternal AuditorsGAAP ComplianceBonds Bond covenants from <strong>the</strong> Bond CovenantMaster Trust Indenture Requirementsand trust indenturesfor each bond issue pluscontractual agreementswith Bank of Americaand Towne BankBond covenants from <strong>the</strong>Master Trust Indentureand trust indenturesfor each bond issue pluscontractual agreementswith Bank of Americaand Towne BankInternal Revenue ServiceBond Sinking FundRequirementsTax Exempt Bonds180

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