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may be further adjusted so as to fairly represent the operation of the System, provided that the amount and a detailed reason for such adjustment is set forth in such certificate; (B) Net Revenues may also be adjusted for (I) the pro forma effect of rates implemented prior to the proposed release of such receipts and revenues and (II) new customers added to the System during the test period; and (C) any amounts owed to the issuer of a Reserve Account Credit Instrument (u defined hereinafter) as a remrlt of a draw thereon, u appropriate, shall be added to the principal and interest payable on Bonds to determine compliance with the foregoing test; (2) A certificate of the chief financial officer of the County stating that the County has established and will maintain a separate accounting of all revenues and expenses in connection with any such independent system or with respect to such Impact Fees, Surcharges, Special Assessments, Franchise Fees, Fees in Lieu of Franchise Fees, or other receipts and revenues to be released, apart from the Pledged Funds; and (3) Written consent of the Bond Insurer, if the 1989 Bond Insurance Policy or the 1991 Bond Insurance Policy is then in effect. For purposes of the foregoing, payments during the Fiscal Year for. (i) principal and interest on the Senior Lien Bonds, (ii) any renewal and replacement fund created in connection with the Senior Lien Bonds Resolution (the 'Required Renewal Fund Payments') and (iii) any reserve account created in connection with the Senior Lien Bonds (the 'Senior Lien Reserve Account Payments'), shall be treated u Operating Expenses. All or any part of the certificate required under subparagraph (1) above may be rendered by consulting engineers, consultants, or other persons with requisite knowledge and experience who are not reasonably objected to by Bond Insurer. Neither the County, the State of Florida, nor any political subdivision thereof has pledged its faith or credit or taxing power to the payment of the Series 1991 Bonds. No holder of the Series 1991 Bonds shall ever have the right to compel the exercise of any ad valorem taxing power of the County or taxation in any form of any real property therein to pay the Series 1991 Bonds or the interest due thereon nor be entitled to payment of the Series 1991 Bonds from any funds of the County except u described herein. Insurance The scheduled payment of principal and interest on the Series 1991 Bonds will be insured by Financial Guaranty Insurance Company ('Financial Guaranty'). The County has made no investigation and makes no representation with respect to Financial Guaranty and the policy, and reference should be made to the information under the caption "MUNICIPAL BOND INSURANCE' herein and Appendix E attached hereto for a description of Financial Guaranty and its specimen insurance policy. The material under said caption and in Appendix E hu been furnished by Financial Guaranty. Rate Covenant The County covenants in the Resolution to establish and maintain such Uniform Charges and, as applicable, such Surcharges, Impact Fees, Special Assessments, Franchise Fees, Fees in lieu of Franchise Fees, and such other receipts and revenues in connection with the System, so as to always provide either of the following: (1) Uniform Charges less Operating Expenses sufficient to pay (a) one hundred percent (100%) of all required deposits into the Reserve Account, and (b) one hundred twenty percent (120%) of the amount of principal and interest becoming due in such Fiscal Year on the Bonds outstanding, or (2) When the Revenues include receipts and revenues in addition to Uniform Charges, Net Revenues in each Fiscal Year sufficient to pay (a) one hundred percent (100%) of all required deposits into the Reserve Account, and (b) one hundred twenty percent (120%) of the amount of principal and interest becoming due in such Fiscal Year on the Bonds outstanding; provided, however, that Uniform Charges leas Operating Expenses are sufficient to pay (a) one hundred percent (100%) of all required deposits into the Reserve Account, and (b) one hundred percent (100%) of the amount of principal and interest becoming due in such Fiscal Year on the Bonds outstanding. For purposes of the foregoing rate covenant, Senior Lien Bonds Debt Service, Required Renewal Fund Payments, and Senior Lien Bonds Reserve Account Payments shall be treated as Operating Expenses, In addition, any amounts owed by the County to the issuer of a Reserve Account Credit Instrument (u defined hereinafter) u a result of a draw thereon. as