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SECTION 4Ofi. YIELD RESTRICTIONS. ~ (A) YIELD RESTRICTIONS. Except as provided below in Sections 40 (C), (D) and (E), none of the Proceeds of the Certificates will be invested in any security, an~ obligation, any annuity contract or any investment-type property that has a yield that exceed the yield on the Certificates by more than one-eighth of one percentage point (0.125%), an no Replacement Proceeds will be invested in any security, any obligation, any annuity contract or any investment-type property that has a yield that exceeds the yield on the Certifi ates. ~B~ CALCULATION OF YIELD. Pursuant to Code § 148 and Regulations § 1.148-4(b), the "yield" on the Certificates is equal to the discount rate which, when used in com uting the present value as of the issue date of all unconditionally payable payments of principal, interest, and fees for the qualified guarantee with respect to the Certificates (namely, the pre ium paid for the Insurance Policy described below), produces an amount equal to the present valu , using the same discount rate, of the aggregate issue price of the Certificates as of the ssue date. Any underwriter's discount, issuance costs or costs of carrying or repaying the Certifi ates is not taken into account in calculating Certificate of Participation yield. The yield on the Certificates as so calculated by R.S. Clements and Associates, LLC, the County's fina cial advisor, is %. . (C~ TEMPORARY PERIOD EXCEPTIONS. The first eXCeptlOriS t0 the described in Section 406(a) above are: (I~ THREE-YEAR TEMPORARY PERIOD: The exception for Ne~ the Certificates and Investment Proceeds of the Certificates that are i~ three-year temporary period described in Section 405(D) of this Certif (II) INVESTMENT PROCEEDS TEMPORARY PERIOD: The Investment Proceeds that are invested during a one-year temporary ~ the date of receipt of such Investment Proceeds. yield restrictions Sale Proceeds of vested during the cate; and ~tion for other that begins on (D) EXCEPTION FOR BONA FIDE DEBT SERVICE FUND. The second exc ption to the yield restrictions described in Section 406(a) above is for Gross Proceeds of the C rtificates that are deposited in the "bona fide debt service fund" described in Section 407(A) f this Certificate during the 13-month period described in Regulations § 1.148-2(e)(5)(ii). '~ (E) MINOR PORTION EXCEPTION. The third exception is for Sale P of a"minor portion," which is equal to the lesser of 5% of the Certi Proceeds or $100,000; the minor portion for the Certificates is $100,000. s that are a part of Participation GENERAL AND TAX CERTIFICATE PAGE H