(1) In addition to the general financial powers specified in section 32-1-1101, the board has the power, for and on behalf of the district, to:
Levy and collect a sales tax in accordance with section 32-18-107, subject to therequirements of section 20 of article X of the state constitution; and
Pledge sales tax revenues or any portion thereof for the payment of any indebtednessof the district.
(2) The ordinance or resolution proposing the creation of a forest improvement district may specify a limit on the amount of revenue that a district may receive.
Source: L. 2007: Entire article added, p. 427, § 2, effective April 9.