§4562.4. St. Mary Parish; contracts; taxes
Notwithstanding any provision of law to the contrary, the governing authorities for
the parish of St. Mary, the town of Berwick and Recreational District No. 3 of St. Mary
Parish may enter into a written contract assigning the town the obligation to provide service
in the area of the district annexed by the town. The contract shall include but not be limited
to:
(1)Provisions that the district shall continue to levy and collect taxes within the
boundaries of the town existing as of July 1, 2016, for the retirement of any outstanding tax-secured bonds of the district existing as of July 1, 2016.
(2)Provisions that, during the time the contract is effective, the district shall not levy
maintenance taxes authorized prior to the effective date of th
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§4562.4. St. Mary Parish; contracts; taxes
Notwithstanding any provision of law to the contrary, the governing authorities for
the parish of St. Mary, the town of Berwick and Recreational District No. 3 of St. Mary
Parish may enter into a written contract assigning the town the obligation to provide service
in the area of the district annexed by the town. The contract shall include but not be limited
to:
(1) Provisions that the district shall continue to levy and collect taxes within the
boundaries of the town existing as of July 1, 2016, for the retirement of any outstanding tax-secured bonds of the district existing as of July 1, 2016.
(2) Provisions that, during the time the contract is effective, the district shall not levy
maintenance taxes authorized prior to the effective date of the contract within the boundaries
of the town existing as of July 1, 2016.
(3) Provisions that, during the time the contract is effective, the district shall not levy
or collect any new maintenance taxes within the boundaries of the town existing as of July
1, 2016.
(4) Provisions that, during the time the contract is effective, if the district issues any
tax-secured bonds, the assessed valuation of any properties within the boundaries of the town
existing as of July 1, 2016, shall not be used in computing the capacity of the district to issue
such bonds.
(5) Provisions that taxes shall not be levied or collected affecting any properties
within the boundaries of the town existing as of July 1, 2016, for the retirement of new bonds
of the district issued while the contract is effective, other than bonds issued to refinance
bonds of the district outstanding as of July 1, 2016, and further provides that any refinanced
bonds shall not have an expiration date that extends beyond March 1, 2025.
(6) Provisions authorizing the St. Mary Parish Council, the town of Berwick, and
Recreational District No. 3 of St. Mary Parish to change boundaries of the district so as to
exclude any properties that are within the boundaries of the town existing as of July 1, 2016,
provided the changed boundaries do not violate any tax-secured bonds of the district
outstanding as of July 1, 2016, or refinanced bonds issued to refinance such bonds, provided
any refinanced bonds shall not have an expiration date that extends beyond March 1, 2025.