1991-151 - Laserfiche WebLink

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"County" shall mean Indisn River County, Florida. 'Federal Securities" shall mean direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America, which are not redeemable prior to maturity at the option of the obligor. "Fees in lieu of Franchise Fees" shall mean the fees paid by the Utility Services Department of the County to the County in consideration for the use of public streets and rights -of --way in the County and to defray costs incident to the regulation by the County of the services and facilities of the Utility Services Department of the County. 'Fiscal Year" shall mean the period beginning with and including October 1 of each year and ending with and including the next September 30. "Franchise Fees" shall mean the fees paid by water and/or sewer utilities, other than the Utility Services Department of the County, to the County in consideration for the use of public streets and rights-of- way in the County and to defray costs incident to the regulation by the County of the services and facilities of such utilities. "Government" shall mean the United States of America, acting by and through the Farmers Home Administration, United States Department of Agriculture. 'Impact Feet" shall mean the fees or charges imposed upon new customers of the System to provide funds for the payment of all or a portion of the costs and expenses of additions. extensions and improvements to the System made necessary by the inclusion of such new customers. "Net Revenues" shall mean the Revenues less Operating Expenses. "1991 Construction Fund" shall mean the Water and Sewer Revenue Bonds, Series 1991, Construction Fund established by the Resolution. "1991 Project" shall mean the regional sludge treatment facility authorized to be constructed, acquired, furnished, and equipped under the Resolution. "Operating Expenses" shall mean the current expenses paid or accrued for the operation, maintenance, and repair of all facilities constituting a part of the System, as determined in accordance with generally accepted accounting methods, and shall include, without limiting the generality of the foregoing, insurance premiums, administrative expenses of the County related solely to the System, costs of labor, materials, and supplies used for such operation, and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may reasonably be expected to be incurred in accordance with such accepted accounting methods, but shall exclude payments into the Sinking Fund or the Reserve Account therein and any allowances for depreciation or for renewals or replacements of capital assets of the System. "Operation and Maintenance Fund" shall mean the account created pursuant to the Resolution for the purpose of receiving and maintaining funds transferred from the Revenue Fund for the payment of Operating Expenses. "Paying Agent" shall mean the Paying Agent to be determined by subsequent resolution of the Board. "Pledged Funds" shall mean the Net Revenues, together with any other receipts, revenues and funds pledged in connection with the Bonds. G-4