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. . . Account. II The proceeds of the sale of the Bonds, plus any allotments from the Municipal State-Aid Street Fund with respect to the Projects collected prior to the completion of the Projects and payment of the cost thereof {other than allotments pledged and appropriated to the Common Debt Service Account of the City authorized in Section 4.01 hereof, which allotments shall be deposited to said account}, less {i} any accrued interest, and {ii} proceeds, if any, in excess of $1,084,050, shall be credited to the Series 1992B State-Aid Road Bonds Construction Account. From such account shall be paid all costs and expenses related to the construction of the Projects, including costs of issuance of the Bonds in the estimated amount of $21,600. The moneys in such account may also be used to the extent necessary to pay interest or principal due on the Bonds prior to the receipt of state-aid allotments for the purpose of paying the costs of the Projects and the principal and interest due upon the Bonds, and to the extent necessary to reimburse the City for expenditures. made by the City in connection with the Projects prior to the issuance of the Bonds. Moneys received from the sale of the Bonds shall be spent only on state-aid roadway projects approved by the Minnesota Transportation Commissioner and on items determined to be eligible for state-aid reimbursement, in accordance with provisions of law and the rules and regulations of the Minnesota Transportation Commissioner relating to the establishment, location, relocation, construction, reconstruction, and improvement of municipal state-aid streets within municipalities issuing obligations such as the Bonds. The~moneys in such account shall be used for no other purpose, except as otherwise permitted by law, prior to the completion and payment of all costs of the Projects. If upon completion of the Projects there shall remain any unexpended balance in such account, the balance shall be transferred by the Council to be spent, or transferred to an account for expenditure, on projects approved by the Minnesota Transportation Commissioner or items eligible for state-aid reimbursement. When the total cost of the Projects has been paid and any unexpended balance has been spent on or transferred to other accounts of the City, the Series 1992B State-Aid Road Bonds Construction Account shall be discontinued and any money remaining in such account (not transferred by the Council to the account of any other approved Project or item) shall be transferred to the separate account entitled the IISeries 1992B State-Aid Road Bond Debt Service Accountll in the Common Debt Service Account of the City authorized in Section 4.01 hereof. 3.02. Other Proceeds. Proceeds attributable to accrued interest and proceeds, if any, in excess of $1,084,050 shall be deposited in the debt service account created in Section 4.01 hereof. Section 4. Sinking Fund and Tax Levies. 4.01. Debt Service Account. A special fund designated IICommon Debt Service Accountll has previously been established 13.