§ 8164 Drainage Tax Revenue Use
A town collects taxes from people to build better drains and prevent flooding. They take out a loan (bond) to pay for the project.
The tax money can only be used to pay back that loan and its interest. If there's leftover money after paying the loan, it has to be saved in a special account and can't be spent on things like schools or roads—only for paying back the flood control loan.
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§ 8164 Drainage Tax Revenue Use
Last verified: January 23, 2026