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<br />Grant Allocation Assessment moneys for making grants to financially disadvantaged small communities <br />pursuant to Section 403.1835 of the Florida Statutes. <br /> <br />(7) "Gross Revenues" shall mean stormwater utility fees and all income and earnings received <br />by the Local Government from the ownership or operation of its Stormwater System, including <br />investment income, all as calculated in accordance with generally accepted accounting principles. Gross <br />Revenues shall not include proceeds from the sale or other disposition of any part of the Stormwater <br />System, condemnation awards or proceeds of insurance, except use and occupancy or business <br />interruption insurance, received with respect to the Stormwater System. <br /> <br />(8) "Loan" shall mean the amount of money to be loaned pursuant to this Agreement and <br />subsequent amendments. <br /> <br />(9) "Loan Application" shall mean the completed form which provides all information required <br />to support obtaining loan financial assistance from the Department. <br /> <br />(10) "Loan Debt Service Account" shall mean an account, or a separately identified component <br />of a pooled cash or liquid account, with a Depository established by the Local Government for the <br />purpose of accumulating Monthly Loan Deposits and making Semiannual Loan Payments. <br /> <br />(11) "Loan Repayment Reserve Account" or "Loan Repayment Reserve" shall mean the account <br />into which will be deposited the amount set aside to pay temporary and unexpected deficiencies, ifany, <br />in the Semiannual Loan Payment. <br /> <br />(12) "Loan Service Fee" shall mean an origination fee which shall be paid to the Department by <br />the Local Government. <br /> <br />(13) "Monthly Loan Deposit" shall mean the monthly deposit to be made by the Local <br />Government to the Loan Debt Service Account. <br /> <br />--.... <br /> <br />(14) "Operation 'and Maintenance Expense" shall mean the costs of operating and maintaining <br />the Stormwater System determined pursuant to generally accepted accounting principles, exclusive of <br />interest on any debt payable from Gross Revenues, depreciation, and any other items not requiring the <br />expenditure of cash. <br /> <br />(15) "Pledged Revenues" shall mean the specific revenues pledged as security for repayment of <br />the Loan and shall be the Gross Revenues derived yearly, after payment of the Operation and <br />Maintenance Expense.and the satisfaction of all yearly payment obligations on account of any senior <br />obligations issued pursuant to Section 7.02 of this Agreement. <br /> <br />(16) "Preconstruction Activities" shall mean the planning, administrative, and engineering work <br />necessary for the Local Government to qualify for Clean Water State Revolving Fund financing for <br />construction of stormwater management devices and facilities. <br /> <br />(17) "Project" shall mean the construction of facilities planned and designed through the <br />Preconstruction Activities and financed by an amendment to this Agreement. The Project shall be <br />defined more specifically when the Agreement is amended. <br /> <br />(18) "Semiannual Loan Payment" shall mean the payment due from the Local Government to the <br />Department at six-month intervals, and it is comprised of principal, interest, and Grant Allocation <br /> <br />2 <br />