Louisiana Revised Statutes 33:4562.4 – Notwithstanding any provision of law to the contrary, the governing authorities for the parish of St. Mary, the town of Berwick and Recreational District No. 3 of St. Mary Parish may
Terms Used In Louisiana Revised Statutes 33:4562.4
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Notwithstanding any provision of law to the contrary, the governing authorities for the parish of St. Mary, the town of Berwick and Recreational District No. 3 of St. Mary Parish may enter into a written contract assigning the town the obligation to provide service in the area of the district annexed by the town. The contract shall include but not be limited to:
(1) Provisions that the district shall continue to levy and collect taxes within the boundaries of the town existing as of July 1, 2016, for the retirement of any outstanding tax-secured bonds of the district existing as of July 1, 2016.
(2) Provisions that, during the time the contract is effective, the district shall not levy maintenance taxes authorized prior to the effective date of the contract within the boundaries of the town existing as of July 1, 2016.
(3) Provisions that, during the time the contract is effective, the district shall not levy or collect any new maintenance taxes within the boundaries of the town existing as of July 1, 2016.
(4) Provisions that, during the time the contract is effective, if the district issues any tax-secured bonds, the assessed valuation of any properties within the boundaries of the town existing as of July 1, 2016, shall not be used in computing the capacity of the district to issue such bonds.
(5) Provisions that taxes shall not be levied or collected affecting any properties within the boundaries of the town existing as of July 1, 2016, for the retirement of new bonds of the district issued while the contract is effective, other than bonds issued to refinance bonds of the district outstanding as of July 1, 2016, and further provides that any refinanced bonds shall not have an expiration date that extends beyond March 1, 2025.
(6) Provisions authorizing the St. Mary Parish Council, the town of Berwick, and Recreational District No. 3 of St. Mary Parish to change boundaries of the district so as to exclude any properties that are within the boundaries of the town existing as of July 1, 2016, provided the changed boundaries do not violate any tax-secured bonds of the district outstanding as of July 1, 2016, or refinanced bonds issued to refinance such bonds, provided any refinanced bonds shall not have an expiration date that extends beyond March 1, 2025.
Acts 2016, No. 163, §1, eff. May 19, 2016.