The governing body of a municipality may levy a tax on all taxable property within the
district in an amount necessary to finance the cost of the improvement, including maintenance and
to pay the principal and interest on obligations issued pursuant to section
. The tax shall be
collected and paid over as other taxes, but shall be spread only upon the property described in the
ordinance. The tax shall be disbursed by the governing body only for the benefit of district as
established by the ordinance.
History: 1974 c 206 s 5; 1Sp1989 c 1 art 17 s 13