the State Treasurer in the manner provided by law. Earnings
received from the investment or deposit of the money shall be
used for the same purposes as the proceeds realized from the
sale of the bond and note under this section.
(4) The necessary registry book shall be kept in the
office of the authorized loan and transfer agent of the
Commonwealth for the registration of bonds, at the request of
owners of the bonds, according to the terms and conditions of
issue directed by the issuing officials.
(5) Money is appropriated to the State Treasurer from
the proceeds realized from the sale of the bond and note
under this section as much money as may be necessary for all
costs and expenses in connection with the issue and sale and
registration of the bond in connection with this section and
the payment of interest arbitrage rebates.
(c) Temporary financing authorization.--
(1) Pending the issuance of the bond of the Commonwealth
as authorized, the issuing officials are authorized, in
accordance with this act and on the credit of the
Commonwealth, to make temporary borrowings not to exceed one
year in anticipation of the issuance of the bond in order to
provide money in amounts as deemed advisable prior to the
issuance of the bond. In order to provide for and in
connection with any temporary borrowing, the issuing
officials are authorized in the name and on behalf of the
Commonwealth to enter into purchase, loan or credit
agreements, or other agreements with any bank or trust
company, other lending institution, investment banking firm
or person in the United States having power to enter into the
agreement. The agreements may contain provisions not
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