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t Water and Sewer Revenue Bonds, Second Series 1979, dated May 21, 1981, of the Issuer. "Government" shall mean the United States of America, acting through the Farmers Home Administration, U.S. Department of Agriculture. "Gross Revenues" shall mean ell money received from rates, fees, rentals or other charges or income received by the issuer or accruing to it in the management and operation of the System, including Impact Fees, all calculated in accordance with accepted accounting methods employed in the operation of public water and sewer systems similar to the System. "Impact Fees" shall mean the fees or charges lawfully imposed by the Issuer upon new customers of the System to finance all or a portion of the cost of additions, extensions and impro- vements to the System made necessary by the inclusion of such new customers. "Instrument" shall mean this resolution and all resolu- tions amendatory hereof which may be hereafter duly adopted by the Issuer. "Issuer" shall mean Indian River County, Florida. "Maximum Bond Service Requirement" shall mean, as of any particular date of calculation, the greatest amount of aggre- gate Bond Service Requirements for the then current or any future Bond Year. "Net Revenues" shall mean Gross Revenues less Operating Expenses. "Notes" shall mean the outstanding Water Revenue Bonds, Series 1980 (South County Water System), Anticipation Notes, dated May 1, 1981, of the Issuer. "Operating Expenses" shall mean the current expenses, paid or accrued, for the operation, maintenance and repair of all facilities of the System, as calculated in accordance with accepted accounting methods, and shall include, without limiting the generality of the foregoing, insurance premiums, administra- tive expenses of the Issuer related solely to the System, labor, cost of materials and supplies used for such operation and charges for the accumulation of appropriate reserves for current expenses not annually recurrent but which are such as may rea- sonably be expected to be incurred in accordance with such accepted accounting methods, but shall exclude payments into the -3-