4-31-410 - Tax levy to meet payments.

4-31-410. Tax levy to meet payments.

In the event the funds pledged shall be insufficient to meet the payments as established by the authority for its loan, the local government unit shall levy a tax on property sufficient to make such payments, which shall be in addition to all other taxes authorized or limited by law.

[Acts 1986, ch. 846, § 13; 1990, ch. 885, § 18.]