§ 106.218. JEA assessment to the City; Jacksonville Port Authority bonds.
Latest version.
Commencing with the fiscal year commencing October 1, 1993, and continuing in each
fiscal year thereafter the Council shall appropriate an amount calculated by multiplying
one quarter of one mill by the gross kilowatt-hours delivered (as defined by Section 21.07 of the City Charter) by the JEA during the 12-month period ending on the immediately
preceding April 30. This appropriation shall come from the assessment made by the
JEA to the City. The appropriation to the Jacksonville Port Authority shall be for
the purpose of land acquisition and development of any marine terminal capital construction
or improvement project. This appropriation may be used for the issuance of bonds,
notes and other obligations, and for the refunding thereof, and for funding or providing
for reserves, and for payment of principal and interest, costs of issuance, and all
other financing or project expenditures as deemed necessary, desirable or incidental
(herein referred to as "bonds and other costs").
