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' Indian River County, Florida Notes To Financial Statements ' Year Ended September 30 , 2002 NOTE 12 - LONG-TERM LIABILITIES - Continued A. Primary Government - Continued Spring Training Facility Revenue Bonds ' Purpose - On August 15 , 2001 , the Board issued $ 16 , 810,000 of Spring Training Facility Revenue Bonds , Series 2001 . The Series 2001 Bonds are being issued by the County to provide funds , together with other available funds , to ( 1 ) finance a portion of the cost of acquisition and expansion of a spring training facility known as "Dodgertown" ; (2) pay a premium for a municipal bond insurance policy and a debt service reserve account surety bond, and (3 ) pay certain costs and expenses incurred in connection with the issuance of the Series 2001 Bonds . ' Pledge of Revenues - The principal and interest on the Series 2001 Bonds will be payable from and secured by a first lien upon and pledge of the following , together with any investment income realized on any funds held under the Resolution, except the Cost of Issuance Account and the Rebate Fund : ( 1 ) Payments received by the County from the State of Florida pursuant to Section 212 .20, Florida Statutes ; and ' (2) the Fourth Cent Tourist Development Tax levied by the County in Ordinance No . 2000-029, enacted pursuant to Section 125 . 0104(3)( 1 ), Florida Statutes ; and ' (3 ) Eighty- six percent (86%) of the Local Government Half-Cent Sales Tax distributed to the County, pursuant to Chapter 218 , part VI, Florida Statutes . The foregoing are collectively referred to herein as the "pledged revenues " . The Fourth Cent Tourist Development Tax and the Local Government Half-Cent Sales Tax pledged to the payment of debt service on the Series 2001 Bonds are automatically released as a pledged revenue for the Series 2001 Bonds immediately following the April 1 , 2021 principal payment on the Series 2001 Bonds . ' Bonds Issued - At September 30 , 2002 , Spring Training Facility Revenue Bonds consisted ofthe following : tOutstanding at Interest Original September 30 , Description Rates and Date Maturity Issue 2002 ' Spring Training 3 . 30%- 5 . 25 % ' Facility 4/ 1 and 10/ 1 2031 $ 16 , 810 , 000 $ 16 ,450 , 000 ' 67