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"Bond Year" shall mean the annual period ending on :. <br />Bond principal or interest maturity or payment date. <br />"Chairman" shall mean the Chairman of the Board. <br />"Clerk" shall moan the (:terk of the C.Lrcuit. Co,rrt of <br />Indian River Coont.y, Florida, ex officio Clerk of the Board. <br />"C:onst:ruction Fund" means the special fund created <br />under Section 3.03 of. the Boni Resolution. <br />k "Cont", when used in corinection with the F'coject, means <br />and includes all expenses necessary, appurtenant or Incidental. to <br />the acquisi.t.ion an•I construction of the Project, including, <br />without limitation, the cost of any land mr Interest therein or <br />of any fixfmtes, e,luipment Or personal pr,,pert.y necessary or <br />convenient- t-herefor-, the cost of labor and materialer to romplate <br />such connt.ritction, engineering and legal expenses; fisr..al <br />expenses; expensen for estiwstes of costs and of revenues; <br />expenses for plans, specifications and surveys; interest during <br />construction; r'pasonable reserves for debt service on the Bands; <br />municipal bond Insurance premiums; repayment of interim financing <br />with renpae:t to the Project; and administrative expenses related <br />solPly to t.h" ac:gtlisition and construction of the Project. <br />„Federal Securitlea" shall mann �rity direct obLig4t-Lona <br />of, or obligations fully ,vsaronteed An t,', ;grin-ipal and Lrttereat <br />hy, the United Staten of America, <br />"Flsral Year" .shall mean the p'—t1 l :•,mmencinq on <br />October 1 of each year anci r:t,rttlnirtut to .ted i.n•.turiinq the <br />succeeding September. 30. <br />"Gifford Bonds" shall mean the outstanding Water and <br />Sewer Revenue Bonds, Series 1919, dated Atrclust 30, 1979, and <br />Water and Sewer Revenue Bonds, Second Series 1979, dater! May 21, <br />1981, of the. County. <br />"Government." ^hall mean the United `Mates of America, <br />acting through the Farmers Nome Administration. U.S. Department <br />of Agriculture. <br />"Gross Revenues" shall mean all money received from <br />rates, fees, rentals or other charges or income received by the <br />County or accruing to it in the management and operation of the <br />System, including Impact Fees, all calculated in accordance with <br />accepted accounting methods employed in the operation of public <br />water and sewer systems similar to the System. <br />A-2 <br />