§ 18-12-134 — Duty to levy tax for interest and redemption of outstanding bonds

The commissioners shall annually levy a tax for that year upon
the property of the district for the interest and principal
falling due on all outstanding bonds of the district. The levy
shall be made at the same time as the levy of taxes for county
purposes. The tax shall be sufficient to pay the interest on the
bonds as it becomes due and to provide a sinking fund for the
payment of the principal on or before maturity and may include
an allowance for an annual reserve established to adjust for
fluctuating tax levies.