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the Official Statement other than the information supplied by the Insurer and presented under the heading <br />"MUNICIPAL BOND INSURANCE." <br />THE SENIOR HALF -CENT SALES TAX BONDS <br />The County issued its $7,530,000 Indian River County Refunding Revenue Bonds, Series 1992 (the <br />"Series 1992 Bonds") on December 8, 1992, to defease $3,775,000 principal amount of its then outstanding <br />Refunding and Improvement Revenue Bonds, Series 1985 and all of its then outstanding Capital Improvement <br />Revenue Bonds, Series 1987. The Series 1992 Bonds were issued on a parity with the remaining outstanding <br />$4,170,000 principal amount of its Refunding and Improvement Revenue Bonds, Series 1985 (the "Series 1985 <br />Bonds"). The Series 1992 Bonds and the Series 1985 Bonds are hereafter collectively referred to as the "Senior <br />Half -Cent Sales Tax Bonds." The Senior Half -Cent Sales Tax Bonds are presently outstanding in the aggregate <br />principal amount of $11,700,000 with a final maturity date in 2005. The Senior Half -Cent Sales Tax Bonds are <br />secured by a lien on and pledge of the Half -Cent Sales Tax which is prior and superior to the lien and pledge <br />created by the Resolution for the security of the holders of the Series 1993 Bonds. <br />In the Resolution, the County has covenanted not to issue additional bonds on a parity with the Senior <br />Half -Cent Sales Tax Bonds (except for refunding bonds) unless the Half -Cent Sales Tax receipts and Racetrack <br />and Jai Alai Fronton Funds for either the immediately preceding Fiscal Year or any twelve consecutive months <br />of the eighteen months immediately preceding the date of sale of such additional bonds are equal to at least 135 <br />times the maximum debt service requirement on the Senior Half -Cent Sales Tax Bonds, the Series 1993 Bonds, <br />and Additional Parity Obligations at the time outstanding, and the additional bonds proposed to be issued. See <br />the caption "HALF -CENT SALES TAX." <br />ESTIMATED SOURCES AND USES OF FUNDS <br />The following table sets forth the estimated sources and uses of funds: <br />Sources: <br />Par Amount of Series 1993 Bonds $ <br />Plus: Accrued Interest <br />Plus: Existing Sinking Fund Moneys <br />Plus: Excess Existing Reserve Account <br />Less: Original Issue Discount <br />TOTAL SOURCES <br />Uses: <br />Deposit to Escrow Fund $ <br />Deposit to Sinking Fund (Accrued Interest) <br />Underwriter's Discount <br />Costs of Issuance (including Bond Insurance Premium) <br />TOTAL USES <br />