321.610. Rate of levy--limit--additional levies by vote of people--elections held when--form of ballot (counties, first class). - Missouri Statutes

Rate of levy--limit--additional levies by vote of people--electionsheld when--form of ballot (counties, first class).

321.610. 1. In addition to all other limits set forth in thischapter, the board in counties of the first classification shall in eachyear determine the amount of money necessary to be raised by taxation, andshall fix a rate of levy which, when levied upon every dollar of thetaxable tangible property within the district as shown by the lastcompleted assessment, and with other revenues, will raise the amountrequired by the district annually to supply funds for paying the expensesof organization and operation and the costs of acquiring, supplying andmaintaining the property, works and equipment of the district, and maintainthe necessary personnel, which rate of levy shall not exceed forty cents onthe one hundred dollars valuation. The board in any county of the firstclassification having a population in excess of nine hundred thousand mayfix an additional rate not to exceed twenty-five cents on the hundreddollars valuation and the board in all other first classification countiesmay fix an additional rate, not to exceed fifteen cents on the hundreddollars valuation, the revenues from which shall be deposited in a specialfund and used only for the pension program of the district, by submittingthe following question to the voters at the municipal general, primary orgeneral election in such district or at any election at which a member ofthe board of directors is to be elected:

Shall the board of directors of ........... Fire Protection Districtbe authorized to levy an annual tax rate of ...... cents per one hundreddollars valuation, the revenues from which shall be deposited in a specialfund and used only for the pension program of the district?

2. Any district approving a tax levy rate pursuant to the provisionsof subsection 1 of this section shall transfer all revenue collected plusinterest monthly for deposit in the district retirement fund. The board ofdirectors for the fire protection district shall comply with the prudentinvestor standard for investment fiduciaries as provided in section105.688, RSMo, when investing the assets of the pension program.

3. Any district may impose a tax not to exceed ten cents on the onehundred dollars valuation, in addition to the rate which the board may levypursuant to this section, by submitting the following question to thevoters at any election in such district held on the first Tuesday in Aprilof any year:

Shall the board of directors of ............ Fire District beauthorized to increase the annual tax rate from ........ cents to ........cents on the hundred dollars assessed valuation?

and in addition thereto, to fix a rate of levy which will enable it topromptly pay in full when due all interest on and principal of bonds andother obligations of the district, and to pay any indebtedness authorizedby a vote of the people as provided by sections 321.010 to 321.450; and inthe event of accruing defaults or deficiencies in the bonded or contractualindebtedness, an additional levy may be made as provided in section321.260.

(L. 1947 V. I p. 432 § 25, A.L. 1953 p. 665, A.L. 1965 pp. 513, 514, A.L. 1969 H.B. 334 § 321.240, A.L. 1978 H.B. 971, A.L. 1979 H.B. 322, A.L. 1987 H.B. 57, A.L. 1988 S.B. 725, A.L. 1995 H.B. 260, et al. merged with H.B. 416 merged with H.B. 452, et al., A.L. 1996 H.B. 1093)