13-7,100. Same; retirement of outstanding bonds of fire district which is dissolved or from which territory is detached.
13-7,100
13-7,100. Same; retirement of outstanding bonds of fire district which
is dissolved or from which territory is detached.
If any fire district dissolved hereunder shall have
outstanding at the time of its dissolution any general obligation bonds,
the tax levies to retire such bonds and to pay the interest thereon shall
be levied only on the taxable tangible property located in the territory of such
district prior to its dissolution. If any fire district from which area is
detached hereunder shall have outstanding at the time of detachment any
general obligation bonds, the tax levies to retire such bonds and to pay
the interest thereon shall continue to be levied only on the taxable tangible property
located in the detached area.
History: L. 1985, ch. 66, § 5; July 1.