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Each eligible county is entitled to receive a minimum amount of State Revenue Sharing Funds, known as the "Guaranteed Entitlement" and the "Second Guaranteed Entitlement," the first of which is correlated to amounts received by such county from certain taxes on cigarettes, roads and intangible property in the State Fiscal Year 1971- 1972 and the second of which is correlated to the amount received by such county in State Fiscal Year 1981-1982 from the then -existing tax on cigarettes and intangible personal property, less the guaranteed entitlement. The funds remaining in the Revenue Sharing Trust Fund after the distribution of the Guaranteed Entitlement and Second Guaranteed Entitlement are referred to as "growth monies" that are further distributed to eligible counties (the "Growth Monies"). There are no restrictions on the use of the Guaranteed Entitlement, Second Guaranteed Entitlement or the Growth Monies; however, there are restrictions on the amount of funds that can be specifically pledged for indebtedness. Counties are allowed to pledge the full amount of the Guaranteed Entitlement and the Second Guaranteed Entitlement revenues. In addition, a county can assign, pledge, or set aside as a trust for the payment of principal or interest on bonds or any other form of indebtedness an amount up to 50 percent of the State Revenue Sharing Funds (including Growth Monies) received by it in the prior State fiscal year. The State Revenue Sharing Funds received by the County are deposited in the General Fund and may be used for any lawful purpose. Sales Tax Distributions in Lieu of Pari-Mutuel Revenues. Prior to 2000, the State shared its tax on pari-mutuel betting pools and admission charges with counties. Each county received $446,500 annually, although many counties were obligated pursuant to Special Acts of the Legislature to share a portion of such distribution with the local school boards. Beginning July 1, 2000, the Florida Legislature repealed the sharing of such pari- mutuel revenues with counties and replaced the lost revenue with a portion of the state sales and use tax. The replacement revenue equals $29,915,500 annually, which is apportioned equally among Florida's 67 counties at $446,500 each. These revenues received by the County are deposited in the General Fund and may be used for any lawful purpose. Licenses, Permits and Fees The County receives license taxes for various services, the two most significant of which are license taxes imposed with respect to alcohol and license taxes imposed on mobile homes. Pursuant to Sections 561.14(6), 563.02, 564.02, 565.02(1), (4) and (5) and 565.03, Florida Statutes, the State levies license taxes on vendors, manufacturers and distributors of beer, wine and liquor. The State also levies license taxes on certain clubs and caterers serving beer and on brokers, sales agents and importers of liquors. Section 561.342, Florida Statutes, requires that 24% of such taxes collected within the County be returned to the County. 31