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by the Consulting Engineers and approved by the Issuer. The moneys <br />in said Renewal and Replacement Fund shall be used only for the <br />purposes of paying the cost of extensions, enlargements or additions <br />to, or the replacement of depreciable capital assets of the Facilities <br />and emergency repairs thereto, and to provide an adequate reserve <br />for depreciation of all depreciable capital assets. Such moneys on <br />deposit in such'Fund shall also be used to implement the Reserve <br />Account if necessary, in order to prevent a default in the payment <br />of the principal of and interest on the Obligations. The moneys <br />on deposit in such Fund shall be withdrawn only upon the authorization <br />of the County Commission and the approval of the Consulting Engineers. <br />(6) The Issuer shall next apply moneys in the Revenue <br />Fund to the payment of current debt service and reserve requirements <br />of any obligations of the Issuer issued to finance the cost of <br />additions, acquisition, extensions and improvements to the Solid <br />Waste Disposal System which are junior and subordinate to the lien. <br />of these Obligations and Additional Parity Obligations on the revenues <br />of the Facilities. <br />(7) The balance of any moneys remaining in the Revenue <br />Fund after the above required payments have been made on a cumulative <br />basis may be used by the Issuer for any lawful purpose. <br />C. USE OF REVENUE SHARING TRUST FUNDS. The Issuer shall, <br />in each Fiscal Year, on or before the fifteenth (15th) days of <br />February and August, forthwith set aside and deposit into the Sinking <br />Fund and the Reserve Account therein, from the Revenue Sharing Trust <br />Funds, as herein defined, received by the Issuer under the provisions <br />of Chapter 218, Part II, Florida Statutes, such amounts as shall be <br />necessary to make up any deficiencies between the amounts then on <br />deposit therein and the amounts necessary to pay interest on the <br />Obligations becoming due on the next interest payment date and one- <br />half (1/2) of the principal on the Obligations becoming due on the <br />next principal payment date and one-half (1/2) of the amount required <br />to be deposited into the Reserve Account in such.Fiscal Year. <br />D. INVESTMENT OF FUNDS. The Operating Account, the <br />Operating Reserve Fund, the Sinking Fund, rhe Reserve Account, the <br />Renewal and Replacement Fund, the Revenue Fund and any other special <br />funds or accounts herein established and created.shall constitute <br />-19- <br />B©c <br />NOV 2 1977 31 <br />