Laserfiche WebLink
b.) The Board may apportion its levy among the political subdivisions under a formula or <br />method. The amount of the levy allocated to each political subdivision must be added <br />to that political subdivision's levy and spread at the same time and in the same manner <br />as provided by law for other taxes. The proceeds of the levy must be collected and <br />remitted to the district and used as provided in this statute. <br />Use of the Levy Proceeds <br />The proceeds of the property taxes levied must be used to provide fire protection or emergency <br />medical services to residents of the district and property located in the district, as well as to pay <br />debt issued. <br />Debt <br />The district may incur debt under chapter 475 when the board determines doing so is necessary <br />to accomplish its duties. <br />In addition, the board of the district may issue certificates of indebtedness or capital notes to <br />purchase capital equipment. <br />