CHAPTER 11. TAXATION.

§11-8-7. Increase of current expense levies when debt levies not required.

If the allocation made to a taxing unit for the purposes of debt incurred prior to the adoption of the Tax Limitation Amendment is not required, in whole or in part, for the purposes of such debt, the governing body may, with the prior written approval of the Tax Commissioner, increase the rates allocated for general current expenses by the amount not required for debt purposes.

Bill History For §11-8-7

1941 Regular Session
House Bill 13
1939 Regular Session
Senate Bill 2
1939 Regular Session
House Bill 409
1933 Regular Session
House Bill 314
1931 Regular Session
House Bill 1