(a) All or a specific portion of the local sales and use tax under this chapter may be pledged to bonds issued under §§ 14-164-301 -- 14-164-340.
(b) If pledged under the Local Government Bond Act of 1985, § 14-164-301 et seq., §§ 14-164-337 and 14-164-339 apply to the disposition of the revenues from local sales and use tax so pledged.
(c) The local sales and use tax may not be repealed, abolished, or reduced while any bonds secured by a pledge of the local sales and use tax are outstanding.
Section: Previous 26-82-106 26-82-107 26-82-108 26-82-109 26-82-110 26-82-111 26-82-112 26-82-113 26-82-114 26-82-115 26-82-116 26-82-117 26-82-118 26-82-119 NextLast modified: November 15, 2016