The State Comptroller is directed in any year to levy and the State Treasurer is directed to collect in any school district which does not levy adequate millage for that year, to provide debt service to become due on bonds sold with the provision authorized by Section 1 of 1973 Act No. 378, an ad valorem tax on all taxable property in the school district without limit as to rate or amount sufficient to pay the principal of and interest on the bonds as they become due, including all bonds and coupons paid by him pursuant to Section 2 of 1973 Act No 378. A notice of such tax levy shall be provided to the district board by March first.
HISTORY: 1962 Code Section 21-993.3; 1973 (58) 652.
Editor's Note
The reference in this section to "Section 1 of 1973 Act No. 378" appears erroneous as that section sets out the findings of the General Assembly relative to this article; that section was not codified. It appears that the reference was probably intended to be Section 2 of 1973 Act No. 378 which is codified as 1976 Code Section 59-71-310. Similarly, the reference in this section to "Section 2 of 1973 Act No. 378" which appears as 1976 Code Section 59-71-310 seems erroneous and the actual reference intended was to Section 3 of 1973 Act No. 378 which appears as 1976 Code Section 59-71-320.