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County's qualified electors voting in the referendum approved the extension of the levy of the Infrastructure Sales Surtax for an additional fifteen years and seven months to expire on December 31, 2019. On November 21, 2015, the Board enacted Ordinance No. 2015- 018, which provided for the extension of the Infrastructure Sales Surtax. On November 8, 2016, a majority of the County's qualified electors voting in the referendum approved the extension of the levy of the Infrastructure Sales Surtax for an additional fifteen years to expire on December 31, 2034. The County may use the proceeds of the Infrastructure Sales Surtax to pay debt service on the Series 2025 Bonds. The proceeds of the Infrastructure Sales Surtax are distributed to the County and the five municipalities within the County pursuant the formula provided in Section 212.055, Florida Statutes. FDOR has the responsibility to administer, collect, and enforce all Discretionary Sales Surtaxes. Vendors are required to remit sales tax receipts (including proceeds of any Discretionary Sales Surtax) by the twentieth day of the month immediately following the month of collection. The proceeds of each county's Discretionary Sales Surtax collections are transferred to the Discretionary Sales Surtax Clearing Trust Fund held by FDOR. A separate account in the trust fund is established for each county imposing such a surtax. FDOR is authorized to deduct up to 3% of the total revenue generated for all counties levying a surtax for administrative costs. There is no statutorily prescribed deadline for remitting surtax proceeds from FDOR to the local governing bodies. However, FDOR has generally remitted the sales surtax proceeds to such local governing bodies by the end of the month immediately following receipt by FDOR. The share of the Infrastructure Sales Surtax proceeds that is to be distributed to the County will be affected by changes in the relative populations of the unincorporated and incorporated areas within the County. Such relative populations are subject to change through normal increases and decreases of population within the existing unincorporated and incorporated areas of the County and are also subject to change by annexation of previously unincorporated areas of the County by municipalities within the County. Such annexations would not only increase the population of the incorporated area of the County, but would, in an equal amount, decrease the population of the unincorporated area. The amount of the Infrastructure Sales Surtax proceeds distributed to the County is also subject to increase or decrease due to (i) increases or decreases in the dollar volume of taxable sales within the County, (ii) legislative changes relating to the State Sales Tax, which may include changes in the scope of taxable sales, and (iii) other factors which may be beyond the control of the County, including but not limited to the potential for increased use of electronic commerce and other internet-related sales activity that could have a material adverse impact upon the amount of Infrastructure Sales Surtax proceeds distributed to the County. 23