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The County has complied with all of the requirements set forth in Chapter 218, Part VI,including <br /> the filing of a certificate of compliance with the State Department of Revenue, that are necessary in order <br /> for the County to receive its portion of funds from the Trust Fund during the fiscal year ending September <br /> 30, 2000. The County is obligated to take all lawful action necessary or required to remain an eligible <br /> recipient of its portion of the funds in the Trust Fund so long as any of the Series 2001 Bonds remain <br /> outstanding. Although Chapter 218,Part VI,does not impose any limitation on the number of years during <br /> which the County can receive distributions ofthe Half-Cent Sales Tax from the Trust Fund,there may be <br /> future amendments to Chapter 218, Part VI, in subsequent years imposing additional requirements of <br /> eligibility for cities and counties participating in the Half-Cent Sales Tax. To be eligible to participate in the <br /> Trust Fund in future years, the County must comply with the financial reporting requirements of Section <br /> 218.23(1),Florida Statutes. Otherwise, the County loses its Trust Fund Distribution for twelve months <br /> following a"determination of non-compliance"by the State Department of Revenue. The following table <br /> shows the ten year history of the Half-Cent Sales Tax revenues in Indian River County: <br /> Historical Distribution of the Local Government Half-Cent Sales Tax <br /> To Indian River County <br /> Year Half Cent <br /> Ended Sales <br /> Sept. 30 Tax <br /> 1991 $3,330,469 <br /> 1992 $3,094,981 <br /> 1993 $3,300,914 <br /> 1994 $3,600,141 <br /> 1995 $3,752,414 <br /> 1996 $4,275,358 <br /> 1997 $4,755,099 <br /> 1998 $5,425,803 <br /> 1999 $5,871,632 <br /> 2000 $6,205,862 <br /> Source: Indian River County Finance Department <br /> 14 <br />