AMENDMENT NO 1 TO AMENDMENT NO 1 PROPOSED TO
Senate Bill No. 3206
BY: Representative Perkins
AMEND by inserting the following language after line 100:
"(5) The tax shall be discontinued by the governing authorities on the first day of the month immediately succeeding the date any indebtedness, including interest, incurred by the municipality for the projects or purposes for which the governing authorities levied the tax is retired, or in the event the municipality incurs no indebtedness, the first day of the month after all obligations for such projects or purposes have been paid."
AMEND further by deleting lines 101 and 102