§ 19-53. Payment of principal and interest on bonds.

The principal of and interest on the bonds issued hereunder may be payable from all or any part of the revenues received by the county from the following sources:

(1)

7th cent gas tax, meaning the additional $0.01 per gallon on motor fuel imposed by Section 206.60, Florida Statutes, and special fuel levied by Section 206.87, Florida Statutes, and allocated and distributed to the county pursuant to the provisions of Sections 206.60 and 206.875, Florida Statutes.

(2)

80 percent second gas tax, meaning the 80 percent share of the second gas tax of $0.02 per gallon upon gasoline and other like products of petroleum and the equivalent tax upon other sources of energy used to propel motor vehicles, as levied by Article IX, Section 16, of the Florida Constitution of 1885, as amended and continued by Article XII, Section (9)(c), of the Florida Constitution of 1968, as amended, as imposed by Section 206.41, Florida Statutes, distributed to the state department of transportation for use in the county pursuant to Section 206.47, Florida Statutes, and transferred to the county upon submission of vouchers to the department of transportation pursuant to Section 339.08, Florida Statutes, and regulations promulgated thereunder, after payment of obligations pledging revenues allocated pursuant to Article IX, Section 16, of the Florida Constitution of 1885, as amended, and any refundings thereof and payment of debt service on bonds issued under Article XII, Section 9(c)(5) of the Florida Constitution of 1968, as amended.

(3)

20 percent second gas tax, meaning the 20 percent share allocated and remitted to the county of the second gas tax of $0.02 per gallon upon gasoline and other like products of petroleum and the equivalent tax upon other sources of energy used to propel motor vehicles, as levied by Article IX, Section 16, of the Florida Constitution of 1885, as amended, and continued by Article XII, Section 9(c), of the Florida Constitution of 1968, as amended, as imposed by Section 206.41, Florida Statutes, and as distributed to the county pursuant to Section 206.47, Florida Statutes, after payment of obligations pledging revenues allocated pursuant to Article IX, Section 16, of the Florida Constitution of 1885, as amended, and any refundings thereof and payment of debt service on bonds issued under Article XII, Section 9(c)(5) of the Florida Constitution of 1968, as amended.

(Ord. No. 86-07, § 3, 3-4-86)

Cross reference

Gasoline taxes, § 20-151 et seq.