§ 25-142. Same—Ad valorem taxes, general revenues not to be pledged.
Latest version.
The full faith and credit of the county shall not be pledged in connection with any
bond or bonds issued pursuant to this article, or in connection with any construction,
operation, or promotion costs of the center, or implementation of the tourist development
plan. Any bond or bonds issued pursuant to this article shall not be general obligation
bonds, nor shall any ad valorem taxes or general revenues of the county be pledged
or used to secure or liquidate such bonds. After the effective date of this article
[May 1, 1978], no ad valorem taxes or general revenues of the county shall be pledged
or expended for or in connection with any construction, operation, or promotion costs
of the center, or implementation of the tourist development plan. For purposes of
this section, general revenues of the county shall be defined as including, but not
limited to: cigarette taxes, occupational license taxes, gasoline taxes, and similar
taxes, federal revenue sharing funds, and all types of revenue received by the county
other than revenue provided for in section 25-140. The provisions of this section shall not in any way be amended, abrogated, altered
or limited unless it be done by an amending ordinance lawfully enacted by the county
and approved in a referendum election by a majority of the electors of the county
voting in such election. The effective date of such an amending ordinance shall be
specified in the amending ordinance and shall be no sooner than the first day of the
month following the referendum.
