42-15254. Conveyance of remote municipal
property to private ownership; payment of tax revenues


A. If the municipality conveys the title to the remote municipal property to
private ownership, a political subdivision that receives property taxes from the
property, and that has outstanding bonds or other long-term obligations that are secured
by water transportation revenues under title 35, chapter 3, article 3.4, shall determine
the amount of property taxes otherwise payable as prescribed by section 42-15253 as a
result of that political subdivision's property tax rates and the value of the property.


B. The political subdivision shall make special payments to the county treasurer of
the county in which the property is located in the amount determined pursuant to section
42-15253 in the manner prescribed in section 9-433.