All income from the investment of sinking fund money shall be deposited to that sinking fund and used for the payment of debt service on the refunding bonds. There is created a special revenue fund within the County of the First Class Highway Projects Fund entitled "2010 Salt Lake County Revenue Bond Sinking Fund."Sinking Fund Installment" means the amount of money which is required to be deposited into the Sinking Fund Account in each Bond Fund Year as specified in the. (iv) All remaining funds, if any, in the Sinking Fund after all of the payments required to be made into the Bond Fund and Reserve. Provides technical assistance and debt issuance in formation to public agencies, as well as to all sec tors of the municipal finance industry. The notes may not be redeemed prior to maturity and there will not be any sinking fund. The amount of sinking fund and how invested. Many debts can be discharged - or wiped away - in a bankruptcy proceeding. The debtor is no longer legally obligated to repay any debt that has been discharged.