first receipts

See: handsel
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Debt service is paid from first receipts generated by the 2.
The authorizing legislation, as amended, establishes the base amount, provides that first receipts of sales tax flow to the fund each year until the base amount is reached, and states that it is the intent of the legislature that moneys deposited in the fund belong to the corporation and do not constitute available resources of the commonwealth for any purpose.
Fitch's highest rating on the RANs is based on the county's long-term credit characteristics as well as a sound note repayment structure whereby the county's policy is to accelerate the statutorily required set-aside schedule by reserving first receipts from anticipated revenues streams.
1, 2000, with the first receipts remitted by the state comptroller in June 2000.