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Pursuant to Section 125.0104(3)(c), Florida Statutes, counties are authorized to levy a tourist development tax at a rate of up to 2% on the exercise of the taxable privilege described above (the "First and Second Cent TDT") upon approval by the eligible voters in such county in a referendum election. Pursuant to Section 125.0104(3)(d), Florida Statutes, counties which have levied the First or Second Cent TDT for at least three Fiscal Years prior to the effective date of the herein described Third Cent TDT are authorized to levy an additional tourist development tax at a rate of I% if there was either extraordinary approval of their respective governing boards, or referendum approval (the "Third Cent TDT"). Pursuant to Section 125.0104(3)(1), Florida Statutes, counties are authorized to levy an additional tourist development tax at a rate of 1% for the purposes described in such section if there was majority approval of their respective governing boards (the "Fourth Cent TDT"). Finally, pursuant to Section 125.0104(3)(n), Florida Statutes, counties that have levied the Fourth Cent TDT are authorized to levy an additional tourist development tax at a rate of up to 1% for the purposes described in such section if there was majority plus one approval of their respective governing boards (the "Fifth Cent TDT"). Pursuant to Section 125.0104(3)(m) certain high tourism impact counties are authorized to levy an additional tourist development tax at a rate of 1% (the "Sixth Cent TDT"). The County currently levies the First and Second Cent TDT, the Third Cent TDT, the Fourth Cent TDT, and the Fifth Cent TDT. Florida law generally authorizes the use of the tourist development tax revenues by counties to, among other things, finance the acquisition, construction, and operation of sports, convention and other facilities, promote tourism and tourist -related venues, events, activities or services and pay debt service on bonds or other indebtedness issued for certain authorized purposes, all as more particularly described in Section 125.0104, Florida Statutes, as amended. Accordingly, the County may not use tourist development taxes to pay debt service on the Series 2025 Bonds. However, portions of the County's tourist development tax receipts are available to pay debt service on certain outstanding Non -Ad Valorem Revenue Obligations and may be available to pay debt service on certain other Non -Ad Valorem Revenue Obligations that may subsequently be issued. The tourist development tax revenues may also be used to pay for tourism related governmental expenditures of the County authorized under Section 125.0104, Florida Statutes. Local Business Tax Section 205.032, Florida Statutes, authorizes counties to levy a business tax (formerly known as the Local Occupational License Tax) for the privilege of engaging in or managing any business, profession or occupation within their jurisdictions (the "Local Business Tax"). Section 205.042, Florida Statutes, extends authority to levy the Local Business Tax to municipalities. Any Local Business Tax levied must be based on reasonable classifications, must be uniform throughout any class, and must comply with various additional limitations and 27