§ 58-93. Expiration of increased tax.

Latest version.

If the county shall have contracted for, or shall itself have undertaken, the construction, acquisition or equipping of an initial tourist related facility but which contract or undertaking fails in execution, the authority to levy the tax provided in this article in excess of three percent shall expire at the end of the earliest fiscal year of the county wherein tax collections shall have provided sufficient funds for discharge of costs, expense and liability for all interim, preliminary and preparatory work incurred by the county, a municipality with which the county has contracted or a public building authority.

(Priv. Acts 1982, ch. 847, § 13; Ord. No. O-90-9-119, § 13, 9-10-90)

                    
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