Each utility company will maintain and maintain reasonably adequate maps, plans and records of its distribution system, showing the size, character, and location of each. With voter approval, the district can issue bonds for this purpose guaranteed by taxes or a combination of taxes and contract revenues. B) The municipality shall deliver the notice required under this section in writing by mailing it to the address of the property owner or to the person who last paid taxes on the property, as determined by the municipal tax lists. Once the contract has been executed, the municipality's obligations to the authority under the contract are an obligation of the municipality's taxing power, but they can be paid as provided in the contract, with the taxes and revenues that are required to be paid under subsection (f).
Once the contract has been executed, the municipality's obligations to the authority under the contract are an obligation of the municipality's tax authority, but they can be paid, as provided in the contract, with the taxes and revenues required to be paid under subsection (g). J) In addition to taxes on interest and the amortization fund of bonds or warrants issued under this section, the governing body of the municipality that separately or jointly purchases improvements or facilities under this section may impose taxes for the improvement, operation and maintenance of improvements and facilities. In addition, donors often request this information as proof that the donor's contribution is tax-deductible, and suppliers request it to prove that the organization is exempt from sales or consumption taxes. Government units, such as states and their political subdivisions, are generally not subject to federal income tax.
A special evaluation certificate issued under this subchapter, including a certificate issued under a joint procedure under Section 552,072, is a legal and authorized investment for a bank, savings bank, trust company, savings and loan association, insurance company, amortization fund of a municipality, county, school district, or other political subdivision of this state, and for all other public funds of this state or an agency of this state. H) A municipality may commit its taxing power to a contract concluded under this section if a majority of the municipality's qualified voters who vote on the issue in an election vote in favor of the proposed contract and the collection of property taxes to pay the municipality's obligations to the authority under the contract. These taxes are subject to the tax limits imposed by the constitution and laws of this state and by municipal statutes. Issue negotiable municipal bonds or warrants for that purpose and impose taxes to provide the interest and amortization fund on those bonds or warrants in the manner provided by law for the issuance of tax-backed bonds and warrants by the municipality; or.
