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Non -Ad Valorem Funds Includes all of the Non -Ad Valorem Funds of the County except: (a) contract rights of any outstanding obligations'on any portion of the Non -Ad Valorem Funds and (b) any lien on revenues to be derived from self- liquidating projects subsequently constructed in favor of obligations sub- sequently issued. Non -Ad Valorem Funds mean all revenues of the County collected by or accruing to the County other than by the exercise of the ad valorem taxing power of the County or taxation in any form of any real or personal property, whether such revenues are now in existence -or may hereafter be in existence, other than restricted use revenues. Non -Ad Valorem Funds from the following sources would be subject to the pledge and lien in favor of the bondholders should such funds be pledged to secure the proposed bonds. a. Funds under the U.S. State and Local Fiscal Assistance Act of 1972, as amended, except that such funds could not be used to pay interest on the proposed bonds. - b. Funds from the Florida'Revenue Sharing Act up to the guaranteed entitlement portion. (The proposed bonds would have a first lien on approx- imately $.25-30,000 per year of the guaranteed entitlement funds for Indian River County since the baste Disposal System Bonds have a prior -lien on approximately $170-185,000 of the $2Q5,850 funds for the County. c.. Proceeds from pari-mutuel ("race track"). funds allocated to the County. d. Revenues from the Local Government Homestead Exemption Trust Fund distributed to the County (196.032 FS 1975). e. Excess fees received from County officers (Sec 218.36 FS _1975). J U L 18 1979 BooK 4f 234.