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as the "Sewer and Water Renewal and Replacement Fund", <br />which is hereby created and which shall be used only for <br />the purpose of paying the costs of extensions, <br />enlargements, or additions to or the replacement of <br />capital assets of the System, and for emergency repairs <br />thereto or may used by the County for any lawful <br />purpose. <br />"No further deposits to the Sinking Fund, the Bond Amortization <br />Account or the Reserve Account shall be required when the aggregate sums <br />deposited therein are and remain at least equal to the sum of all of the <br />principal and interest then due and thereafter becoming due in all ensuing years <br />for the Bonds then outstanding. <br />"C. PLEDGED FUNDS AND INVESTMENT OF FUNDS. The Sinking Fund, the <br />Bond Amortization Account and the Reserve Account shall be Pledged Funds, shall <br />constitute trust funds for the purposes provided herein for such funds and shall <br />be used only for the purposes and in the manner provided herein. All moneys in <br />all funds and accounts created or established hereunder shall be continuously <br />secured in the manner by which deposits of public funds are required to be <br />secured by the laws of the State of Florida. Moneys on deposit in the Revenue <br />Fund and the Sinking Fund (except the Reserve Account therein) may be invested <br />and reinvested only in Authorized Investments maturing not later than the date <br />on which the moneys therein will be needed for the purposes of such funds. <br />Moneys in the Reserve Account may be invested and reinvested in Authorized <br />Investments maturing not later than five (5) years from the date of purchase. <br />"Except as may be provided in a resolution adopted in connection <br />with the issuance of Additional Parity Bonds, any and all income received by the <br />County from such investments shall be deposited into the Rebate Account <br />hereunder to the extent required and the excess, if any, into the Revenue <br />Account. <br />"D. OPERATION AND MAINTENANCE. The County will maintain the <br />System and all parts thereof in good condition and will operate the same in an <br />efficient and economical manner, making such expenditures for equipment and for <br />renewals, repairs and replacements as may be proper for the economical operation <br />and maintenance thereof. <br />"E. RATE COVENANT. The County shall fix, establish and maintain <br />such Uniform Charges and, as applicable, such Surcharges, Impact Fees, Special <br />Assessments, Franchise Fees and Fees in lieu of Franchise Fees in connection <br />with the System and other receipts and revenues pledged hereunder, shall collect <br />the same and shall revise the same from time to time, whenever necessary, so as <br />to always provide either of the following: <br />- 26 - <br />