Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />Ou27u8 <br /> <br />Analysis - p. 5 <br /> <br />\ , <br />Revenue Bonds. Authorizes the distriot to issue revenue <br />bonds payable only from the revenues plec1Sed theretoI' in <br />the indenture pursuant to which the- bonds are issued. <br />Authorizes the district to determ1ne the tae, tora, and <br />manner of issuance ot revenue bonds. Authorizes the district <br />to enter into indentures with re~eot to suoh bonds and <br />prescribes various provisions whl0h noh 1ndent\1l'ee IIq <br />include. Authorizes the issuanoe ot retund1ns revenue <br />bonds. (Sec. 11) <br /> <br />Taxation. Prescribes the prooedure tor the leV7 and 001- <br />lection of annual distriot taxes. Authorizes a county to <br />elect to payout of county funds all or a stated percentage <br />of the amount of tax whioh would otherwise l>e levied upon <br />the property within suoh county, and presoribes the pro- <br />cedure with respect thereto. Authorizes counties to make <br />payments to the district in avoidance of taxes or other- <br />wise and to receive credit therefor with respect to taxes <br />which would otherwise l>e levied against property within <br />the county. Authorizes the district to make p&JlIents to ". <br />a county with respect to works taken over by the dietrlct; <br />or, as an alternative, the 8IIIount of the expenses by the <br />county may be credited against taxes otherwise payable <br />with respect to property within the county. (Secs. 12 and 13) <br /> <br />Ralph N. JCleps <br />Legislative Counsel <br /> <br />RHW:TG:bw <br /> <br />By: /s/ Ray H. Whitaker <br />Ray H. Whitaker <br />Deputy <br />