§ 102-163. Duration of second local option fuel tax.

Latest version.

The second local option fuel tax adopted pursuant to F.S. § 336.025(1)(b), shall automatically sunset upon adoption by the state legislature and board of county commissioners (if required) of a real estate transfer (documentary stamp) tax that generates equivalent or greater revenue for Pasco County transportation capital improvements as the second local option fuel tax. Otherwise, the second local option fuel tax shall remain effective until rescinded; provided, however, the second local option fuel tax shall not be rescinded if such rescession would materally or adversely affect the rights of holders if outstanding bonds which are backed by the second local option fuel tax.

(Ord. No. 14-22, § 2, 9-9-14)

                    
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