Money held in the Series 2022B Subaccount of the Revenue Bond Sinking Fund. A sinking fund is a fund containing money set aside or saved to pay off a debt or bond.A company that issues debt will need to pay that debt off in the future. A sinking fund is a savings method that will help you accomplish your financial goals. Explore what a sinking fund is and how to use one. The Bonds may be sold as term bonds and, if so, will be subject to mandatory sinking fund redemption as set forth in the Pricing Certificate. In the event that any portion of the Debt Service Reserve. Assets of the revolving funds will be transferred to the respective sinking funds to be used in the re- tirement of bonds. The total principal of the debt. In a bankruptcy case, secured creditors have priority over unsecured creditors when it comes to distributing assets or payments from the debtor.