§ 21-118.6. Same; application of revenues; tax levy where revenuesinsufficient.
Whenever a county and one or more sanitary districts have entered into anagreement for a unified water supply or sewerage system, or unified watersupply and sewerage system, and such county has agreed therein to pay fromthe revenues of such unified system the principal of and interest on allbonds issued for water or sewer purposes, or both, as the case may be, bysuch sanitary district or districts, and to impose such schedule of rates,rentals, fees and charges for the use and services of such unified system soas to produce revenues sufficient for such payment, such county may alsoapply the revenues derived from such rates, rentals, fees and charges to thepayment of the cost of operation and maintenance of the unified system, tothe cost of renewals and replacements and to any other lawful purposesconnected with or pertaining to such unified system, including the making ofadditions to and expansions of such unified system, to the payment of theprincipal of and interest on any bonds issued by such county for the purposeof such unified system and to the creation and maintenance of such reservesas may be deemed necessary by such county to effect any financing for suchunified system. The order of any priority of the application of such revenuesto any of the foregoing purposes, including to the payment of the principalof and interest on such bonds of the sanitary districts, may be determined bythe board of supervisors as the governing body of the county. If at any timethe revenues derived from rates, rentals, fees and charges for the use andservices of such unified system, are insufficient to provide for theoperation and maintenance of the unified system, and for payment of principalof and interest on such bonded indebtedness of the sanitary district as thesame shall become due, such sanitary district shall levy an annual tax uponall property in such sanitary district subject to local taxation to pay suchprincipal and interest as the same shall become due. Nothing contained in theimmediately preceding sentence shall, however, be construed to relieve thecounty of its obligations under any such agreement to impose rates, rentals,fees and charges for the use and services of such system sufficient to paysuch costs of operation and maintenance and to provide for the payment ofsuch principal and interest.
§ 21-118.6. Same; application of revenues; tax levy where revenuesinsufficient.
Whenever a county and one or more sanitary districts have entered into anagreement for a unified water supply or sewerage system, or unified watersupply and sewerage system, and such county has agreed therein to pay fromthe revenues of such unified system the principal of and interest on allbonds issued for water or sewer purposes, or both, as the case may be, bysuch sanitary district or districts, and to impose such schedule of rates,rentals, fees and charges for the use and services of such unified system soas to produce revenues sufficient for such payment, such county may alsoapply the revenues derived from such rates, rentals, fees and charges to thepayment of the cost of operation and maintenance of the unified system, tothe cost of renewals and replacements and to any other lawful purposesconnected with or pertaining to such unified system, including the making ofadditions to and expansions of such unified system, to the payment of theprincipal of and interest on any bonds issued by such county for the purposeof such unified system and to the creation and maintenance of such reservesas may be deemed necessary by such county to effect any financing for suchunified system. The order of any priority of the application of such revenuesto any of the foregoing purposes, including to the payment of the principalof and interest on such bonds of the sanitary districts, may be determined bythe board of supervisors as the governing body of the county. If at any timethe revenues derived from rates, rentals, fees and charges for the use andservices of such unified system, are insufficient to provide for theoperation and maintenance of the unified system, and for payment of principalof and interest on such bonded indebtedness of the sanitary district as thesame shall become due, such sanitary district shall levy an annual tax uponall property in such sanitary district subject to local taxation to pay suchprincipal and interest as the same shall become due. Nothing contained in theimmediately preceding sentence shall, however, be construed to relieve thecounty of its obligations under any such agreement to impose rates, rentals,fees and charges for the use and services of such system sufficient to paysuch costs of operation and maintenance and to provide for the payment ofsuch principal and interest.
§ 21-118.6. Same; application of revenues; tax levy where revenuesinsufficient.
Whenever a county and one or more sanitary districts have entered into anagreement for a unified water supply or sewerage system, or unified watersupply and sewerage system, and such county has agreed therein to pay fromthe revenues of such unified system the principal of and interest on allbonds issued for water or sewer purposes, or both, as the case may be, bysuch sanitary district or districts, and to impose such schedule of rates,rentals, fees and charges for the use and services of such unified system soas to produce revenues sufficient for such payment, such county may alsoapply the revenues derived from such rates, rentals, fees and charges to thepayment of the cost of operation and maintenance of the unified system, tothe cost of renewals and replacements and to any other lawful purposesconnected with or pertaining to such unified system, including the making ofadditions to and expansions of such unified system, to the payment of theprincipal of and interest on any bonds issued by such county for the purposeof such unified system and to the creation and maintenance of such reservesas may be deemed necessary by such county to effect any financing for suchunified system. The order of any priority of the application of such revenuesto any of the foregoing purposes, including to the payment of the principalof and interest on such bonds of the sanitary districts, may be determined bythe board of supervisors as the governing body of the county. If at any timethe revenues derived from rates, rentals, fees and charges for the use andservices of such unified system, are insufficient to provide for theoperation and maintenance of the unified system, and for payment of principalof and interest on such bonded indebtedness of the sanitary district as thesame shall become due, such sanitary district shall levy an annual tax uponall property in such sanitary district subject to local taxation to pay suchprincipal and interest as the same shall become due. Nothing contained in theimmediately preceding sentence shall, however, be construed to relieve thecounty of its obligations under any such agreement to impose rates, rentals,fees and charges for the use and services of such system sufficient to paysuch costs of operation and maintenance and to provide for the payment ofsuch principal and interest.
