2006 Utah Code - 17A-2-549 — Estimates for construction -- Debts -- Sinking fund -- Levy.

     17A-2-549.   Estimates for construction -- Debts -- Sinking fund -- Levy.
     The board of trustees shall, on or before the first Monday in March of each year, prepare a statement and estimate of the amount of money to be raised by taxation within the district for the purpose of constructing canals, drains, drain ditches, and other works, and maintaining the same; liquidating district warrants and notes and paying interest thereon, paying the interest on the bonded indebtedness of the district; creating a sinking fund for redeeming such bonds; meeting all payments due or to become due under any contract between the district and the United States; and for the purpose of maintaining and repairing drainage canals, flumes, and conduits, bridges, culverts and other works within the district; and for the management and control of such drainage system; and shall levy the entire amount required in each year against the lands within the district in proportion to the equalized benefits and after adding 15% of each amount to the respective assessments to provide for incidentals and possible delinquencies, shall certify the same to the county assessor of the county within which such district is located.

Amended by Chapter 254, 2000 General Session