§ 14.05. Ad valorem bonds of independent agencies.

If any independent agency desires to issue ad valorem bonds which will be obligations of the consolidated government, such independent agency shall request the council to authorize the issuance of such bonds. If the issuance of such bonds is authorized by the council and approved in a bond election as hereinabove provided, the consolidated government shall thereafter issue each ad valorem bond on behalf of such independent agency, and the council shall thereafter levy annual taxes sufficient to meet the debt service requirement of such bonds. Taxes so levied by the council to meet the debt service requirements of bonds of independent agencies shall be paid to the independent agencies for application to such debt service promptly on the collection of such taxes.

(Ord. 84-1307-754, § 12; Laws of Fla., Ch. 92-341, § 1)