The board of county commissioners is hereby authorized and required to levy annually
a tax upon all taxable property within the district sufficient to pay the principal
of and the interest on all general obligation bonds issued under the provisions of
this act [article] as the same shall respectively become due and payable; provided,
however, that the amount of such annual tax levy may be reduced in any year by so
much of the amount of the proceeds of rates, rentals, fees and charges, if any, then
on deposit to the credit of a special fund for the payment of such principal and interest
as shall be certified to the board of county commissioners by the district commission
as available for the payment of such principal and interest during the year from which
such tax shall be levied, but any such proceeds on deposit to the credit of any reserve
account in such special fund shall not be taken into account in determining the amount
of such tax levy. The proceeds of such tax levy shall when collected be paid into
such special fund and used for no other purpose than the payment of such principal
and interest.
(Laws of Fla. ch. 31343 (1955), § 8)
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