HomeMy WebLinkAbout1992-1981 - Ordinance - 09/24/1992ORDINANCE NO. ~981
AN ORDINANCE LEVYING THE AD VALOREM TAXES FOR THE USE AND SUPPORT
OF THE MUNICIPAL GOVERNMENT OF THE CITY OF COLLEGE STATION AND
PROVIDING FOR TEE GENERAL DEBT SERVICE FUND FOR THE YEAR 1992-93
AND APPORTIONING EACH LEVY FOR THE SPECIFIC PURPOSES.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE
STATION, TEXAS:
SECTION I. That there is hereby levied and there shall be
collected for the use and support of the municipal government of
the City of College Station, and to provide General Debt Service
Fund for the 1992-93 fiscal year upon all property, real,
personal and mixed within the corporate limits of said city
subject to taxation, a tax of forty one and one quarter cents
($0.4125) on each one hundred dollar ($100.00) valuation of
property, and said tax being so levied and apportioned to the
specific purpose herein set forth:
For the maintenance and support of the general
government (General Fund), thirteen and five tenths
cents ($0.1350) on each one hundred dollar $100.00)
valuation of property; and
For the General Debt Service Fund, twenty-seven and
seventy five one hundredths cents ($0.2775) on each
one hundred dollars ($100.00) valuation of property
to be used for principal and interest payments on
bonds and other obligations of the fund.
SECTION II. All monies collected under this ordinance for the
specific items therein named, shall be and the same are hereby
appropriated and set apart for the specific purpose indicated in
each item and the Assessor and Collector of Taxes and the
Executive Director of Finance shall keep these accounts so as to
readily and distinctly show the amount collected, the amounts
expended and the amount on hand at any time, belonging to such
funds. It is hereby made the duty of the Tax Assessor and
collector to deliver at the time of depositing any monies, a
statement showing to what fund such deposit should be made from
what source received.
SECTION III. That this ordinance shall take effect and be in
force from and after its passage.
PASSED AND APPROVED THIS 24TH DAY OF SEPTEMBER, 1992.
Connie Hooks, City 'Secretary
APPROVED: . ~>
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