2016 Mississippi Code
Title 51 - Waters, Water Resources, Water Districts, Drainage, and Flood Control
Chapter 11 - Pearl River Basin Development District
§ 51-11-73. Funding; tax levy on property; collection and deposit of tax monies

To provide funds for the payment of the principal of, interest on, and other charges in connection with bonds issued under Sections 51-11-53 through 51-11-85, to provide funds for the annual expenses of operations of the district, and to provide funds for carrying out the purposes of Sections 51-11-53 through 51-11-85, the district may levy annually a special tax upon all the taxable property within the flood control district on or before the first Monday of September of each year. The board of directors of the flood control district shall certify the levy to the boards of supervisors of the various counties in the district. The boards of supervisors of each county shall make the levy on each tract of land or other property in the flood control district according to the assessed valuation of that land or property or, in the discretion of the board of directors of the district, according to the incremental flood protection or benefits received for that land or property. The taxes shall be collected by the tax collectors of the respective counties in the district, who shall deposit the collected taxes in the depository selected by the board of directors of the district. The tax collector shall receive a sum not greater than one-fifth of one percent (1/5 of 1%) of the amount collected for services in making the collection, and that fee shall be paid into the county general fund. The board of directors of the flood control district shall levy a tax sufficient to pay the bonds and the interest on the bonds as the bonds and interest become due, to pay for the annual expense of operation of the district, and to provide funds for carrying out Sections 51-11-53 through 51-11-85.