§ 33.275 REESTABLISHMENT OF FUND; DURATION.

There is reestablished an Elkhart Cumulative Capital Development Fund. The Elkhart Cumulative Capital Development Fund is reestablished in perpetuity.

(1979 Code, § 33.140) (Ord. 3809, passed 6-2-1987; Am. Ord. 3998, passed 9-10-1990; Am. Ord. 4121, passed 7-26-1993; Am Ord. 4563, passed 3-5-2001; Am. Ord. 4800, passed 12-16-2003; Am. Ord. 4958, passed 4-3-2006 )

§ 33.276 COLLECTION OF FUNDS.

(A) An ad valorem property tax levy will be imposed annually, and the revenues from the levy will be retained in the Elkhart Cumulative Capital Development Fund.

(B) The maximum rate of levy under division (A) above will not exceed $0.0500 per $100 assessed valuation.

(1979 Code, § 33.141) (Ord. 3809, passed 6-2-1987; Am. Ord. 3998, passed 9-10-1990; Am. Ord. 4121, passed 7-26-1993; Am. Ord. 4563, passed 3-5-2001; Am. Ord. 4800, passed 12-16-2003; Am. Ord. 4958, passed 4-3-2006; Am. Ord. 5492, passed 6-27-2016)

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