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sale, condemnation and/or insurance on the Project; and any income from the investment of money in funds and accounts established in the Resolution for payment of the principal and interest on the Bonds); minus the Cost of Operation and Maintenance (which shall include the current expenses, paid or accrued, of operation, maintenance and repair of the Project without including payments in lieu of taxes, any reserve for renewals and replacements, extraordinary repairs or any allowance for depreciation); and (ii) The racetrack funds and jai alai fronton funds accruing annually to the County (collectively, the "Racetrack and Jai Alai Fronton Funds") pursuant to Chapters 550 and 551, Florida Statutes, and allocated to the County pursuant to law. The above are collectively referred to as the "Pledged Funds". The lien upon and pledge of the Pledged Funds is on a parity with the lien of the holders of the herein -described Parity Bonds and any Additional Parity Obligations which may be issued pursuant to the Resolution. Additional Security for Series 1991 Bonds and Parity Bonds The principal of, redemption premium, if any, and interest on the Series 1991 Bonds and the Parity Bonds will additionally be payable from and secured by a lien upon and pledge of the local government half -cent sales tax on deposit from time to time in the Local Government Half -Cent Sales Tax Clearing Trust Fund in the State Treasury of the State of Florida (the "Half -Cent Sales Tax"), allocated for and distributed monthly to the County pursuant to Chapter 218, Part VI, Florida Statutes. The lien upon and pledge of the Half -Cent Sales Tax is subordinate to the lien and pledge in favor of the herein -described Senior Half -Cent Sales Tax Bonds and any additional bonds issued on a parity with the Senior Half -Cent Sales Tax Bonds pursuant to the resolution which authorized the issuance of the Senior Half -Cent Sales Tax Bonds (the "Half -Cent Sales Tax Resolution"). See "THE PARITY BONDS" and "THE SENIOR HALF -CENT SALES TAX BONDS" herein. Also, in the event that at any time after the issuance of the Series 1991 Bonds there are no bonds outstanding under the Half -Cent Sales Tax Resolution and the County covenants not to thereafter issue any bonds under the Half -Cent Sales Tax Resolution, the Series 1991 Bonds and the Parity Bonds shall thereafter be secured by a lien upon and pledge of .ei hteenV •t 'percent -(1-8-%) of the Half -Cent Sales Tax and in such event the County irrevocably pledges said a ghte percent ( ) of the Half -Cent Sales Tax to the payment of t e principa of, interest and premium, if any, on the Series 199 Bonds and he Parity Bonds. The Series 1991 Bonds shall of be or onstitute general obligations or indebtedness of the County wit in the meaning of 6 -f u/ -l0_20►