242.506. Supervisors may levy new tax--procedure. - Missouri Statutes

Supervisors may levy new tax--procedure.

242.506. 1. Notwithstanding the limitations of sections 242.280 and242.290 or any tax levy limitation contained in this chapter, the board ofsupervisors, having levied a tax pursuant to section 242.502, may levy a newtax and, if necessary, issue additional bonds whenever it is found necessaryby the board of supervisors to pay the cost of replacing, repairing andreconstructing the drainage works and improvements called for and completedpursuant to the supplemental plan for reclamation adopted by the board ofsupervisors. Any tax levied pursuant to this section shall be apportioned toand levied on each tract of land or property in said district in proportion tothe readjusted assessed benefits. The tax authorized by this section shall belevied in the manner provided by sections 242.450 and 242.460.

2. The additional bonds authorized in paragraph 1 of this section shallbe issued pursuant to and in accordance with the provisions of sections242.480 and 242.485, provided that the additional bonds do not exceed ninetypercent of the amount of new taxes levied pursuant to this section.

(L. 1977 S.B. 2)