§ 23-71-606 — Needed revenues - tax levy - miscellaneous

(1) Whenever a
board of trustees issues refunding bonds under the provisions of this part 6,
sections 23-71-517 to 23-71-521 shall be applicable to said refunding bonds and the
procedures therefor, in the same manner as prescribed for other district bonds;
except that any such refunding bonds shall be payable from the same funds which
are to be derived from the same source as would have been used to pay the original
bonds if no refunding thereof had occurred.

(2) After refunding bonds are issued pursuant to this part 6, the resolution
authorizing the same and providing for the levy of taxes for the payment of interest
upon and the principal of such refunding bonds shall not be altered or repealed
until the refunding bonds so authorized have been fully paid.

Legislative History

Source: L. 75: Entire article added, p. 779, � 1, effective July 1. L. 86: (1) amended, p. 869, � 65, effective July 1.