92.031. Annual tax for debt service, rate--(Kansas City). - Missouri Statutes

Annual tax for debt service, rate--(Kansas City).

92.031. 1. Such cities may, in the alternative to imposing thelevies for debt service and for capital improvements and operating expensesfor hospital, public health, recreation grounds and museum purposes asprovided for in section 92.030, elect by ordinance to levy and impose anannual tax for debt service and an annual tax for capital improvements andoperating expenses for hospital, public health, recreation grounds andmuseum purposes such as are referred to* in subdivisions (1), (2) and (3)of subsection 2 of section 92.030, which tax levies shall be independent ofthe other tax levies provided for in section 92.030.

2. In the event such cities make such election, the limits onindividual and total annual tax levy rate referred to in subdivisions (1),(2) and (3) of subsection 2 of section 92.030 for debt service and forcapital improvements and operating expenses for hospital, public health,recreation grounds and museum purposes shall not apply. The tax levy ratefor capital improvements and operating expenses for hospital, publichealth, recreation grounds and museum purposes may be increased from itscurrent rate to a rate not to exceed one dollar per hundred dollarsassessed valuation by submission to and approval by a vote of the people.

(L. 1986 H.B. 1571, A.L. 1999 S.B. 348, A.L. 2000 H.B. 1238)

*Word "to" does not appear in original rolls.