§ 22-104. Use of revenue; implementation.

(a)

Revenues derived from ad valorem taxes levied within the Key Largo Wastewater Treatment District Municipal Service Taxing Unit pursuant to section 22-103 shall be used solely to pay for and provide funding for administration, planning and development costs associated with and incurred in advancing of wastewater and reclaimed water projects within and benefiting the Key Largo Wastewater Treatment District Municipal Service Taxing Unit. For the purposes of this subsection, the term "administration costs" shall include the compensation and expense reimbursement of Key Largo Wastewater Treatment District (district) governing board members. Administration costs shall also include legal fees and expenses, consultant fees and expenses (including, but not limited to, all professions listed in F.S. § 287.055(2)(a)), employee salaries and benefits, bond underwriting fees and all other costs usually associated with issuance of debt, the reimbursement of any public or private entity, person, firm, partnership or corporation for any monies advanced to further the district purposes, and all other expenses as may be necessary or incidental to the furtherance of district purposes. Administration costs, as described in this subsection, may also be paid for out of the proceeds of any grant or loan made by the unit or county to the district unless specifically prohibited by the terms of such grant or loan.

(b)

The board of county commissioners shall adopt a budget for the Key Largo Wastewater Treatment District Municipal Service Taxing Unit for the fiscal year beginning October 1, 2003, and each year thereafter, at the same time and in the same manner as the county budget. Such budget shall contain all or such portions of the costs incurred and planned in conjunction with the funding of municipal services contracted to be provided by the authority under any interlocal agreement.

(Code 1979, § 15.5-125; Ord. No. 018-2003, § 5; Ord. No. 008-2004, § 1)