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i <br />and Jai Alai Fronton Funds immediately upon receipt into a spe- <br />cial fund which is hereby created and designated "Indian River <br />County Capital Improvement Revenue Bonds, Series 1980, Revenue <br />Fund" (hereinafter referred to as the "Revenue Fund"). <br />B. DISPOSITION OF RACE TRACK FUNDS. All Race Track <br />Funds and Jai Alai Fronton Funds at any time remaining cn deposit <br />in the Revenue Fund hereinabove created and established shall be <br />disposed of commencing with the Fiscal Year 1979-80, only in the <br />following manner and in the following order of priority: <br />(1) Moneys on deposit in the Revenue Fund shall first <br />be used for deposit into a separate fund, which is hereby created <br />and designated the "Bond Service Fund", such sums as will be suf- <br />ficient to pay the following amounts on a parity basis (a) all <br />interest becoming due and payable on the Obligations during the <br />current Fiscal Year, (b) the principal amount of Serial <br />Obligations which will become due and payable on the next prin- <br />cipal maturity date; and (c) the Amortization Installments, if <br />any, required to be made on the next annual payment date. <br />Such Amortization Installments shall be credited to a <br />"Bond Amortization Account", which is hereby created and <br />established in said Bond Service Fund. A separate special sub - <br />account within the Bond Amortization Account shall be established <br />for each series of Term Obligations outstanding, and if there <br />shall be more than one stated maturity for Term Obligations of a <br />series, then a separate special subaccount in the Bond Amortization <br />Account shall be established for each such separate maturity of <br />Term Obligations. <br />Upon the sale of any series of Term Obligations, the <br />County shall, by resolution, establish the amounts and maturities <br />of such Amortization Installments for each series, and if there <br />shall be more than one maturity of Term Obligations within a <br />series, the Amortization Installments for the Term Obligations of <br />each maturity. <br />Moneys on deposit in each of the separate special sub- <br />-15- <br />