1995 Standard Terms for Escrow Float Transactions

The 1995 Standard Terms and Conditions for Escrow Float Transactions are intended for use in connection with escrow float transactions involving the investment at one or more future dates by a trustee or escrow agent, in government securities held by the trustee in trust or escrow to effect the repayment of bonds. The standard terms and related agreements into which they may be incorporated provide the trustee fixed returns from its investment of such principal and interest proceeds from the date of their receipt until the date they are needed to make bond payments.

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