A.(1)  It shall be the duty of the council of the city of New Orleans or its successor, as the governing body of the city of New Orleans, to levy and collect a special ad valorem tax of four mills on the dollar for the benefit of the Sewage and Water Board of New Orleans.  Upon voter approval, such ad valorem tax shall be collected annually for a term of twenty years.  The proceeds shall be collected for the sewage, water, and drainage systems of the Sewage and Water Board of New Orleans, as adjusted in accordance with the provisions of the Constitution of Louisiana upon all the taxable property, real, personal, and mixed, in the city of New Orleans, subject to the homestead exemption, said tax to be levied over and above all other taxes now authorized to be levied by the city of New Orleans.

(2)  Such proceeds shall be used solely and exclusively for the drainage system in New Orleans.

B.  The provision of Subsection A of this Section shall be authorized by a vote of the majority of the registered voters who are property taxpayers in the city of New Orleans, voting at an election called by resolution, which resolution shall call for due notice to be given of said election which shall be published as required by La. Rev. Stat. 18:1285.

C.  The authorization granted by the provision of Subsection A of this Section shall expire on January 1, 2010.

Acts 1999, No. 815, §1, eff. July 2, 1999; Acts 2004, No. 618, §1.