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<br />6/19/2006 <br /> <br />2. <br /> <br />The specific rate and amount of the special tax to be collected to pay for <br /> <br />costs and expenses for Fiscal Year 2006-2007 for the District is hereby determined <br /> <br />and established as set forth in Exhibit A, attached hereto and incorporated by <br /> <br />reference. <br /> <br />3. <br /> <br />The rate determined and set forth above does not exceed the amount as <br /> <br />previously authorized by the Ordinance and is not in excess of that amount previously <br /> <br />approved by the qualified electors of the District, and is in accordance with Proposition <br /> <br />218, Section XIIID of the California State Constitution. <br /> <br />4. <br /> <br />That the proceeds of the special tax shall be used to pay, in whole or in <br /> <br />part, the costs of the following, in the following order of priority: <br /> <br />(a) <br /> <br />Payment of principal and interest on any outstanding authorized <br /> <br />bonded indebtedness; <br /> <br />(b) <br /> <br />Necessary replenishment or expenditure of bond reserve funds, <br /> <br />other reserve funds or accumulation of funds for future payments including any <br /> <br />amount required by Federal Law to be rebated to the United States on the same <br /> <br />debt; <br /> <br />(c) <br />(d) <br /> <br />Payment of costs and expenses of authorized public facilities; <br /> <br />Repayment of advances and loans, if appropriate; and <br /> <br />(e) <br /> <br />Payment of District administrative costs. <br /> <br />The proceeds of the special taxes shall be used as set forth above, and shall not <br /> <br />be used for any other purpose. <br /> <br />5. <br /> <br />The special tax shall be collected in the same manner as ordinary ad <br /> <br />valorem property taxes are collected, and shall be subject to the same penalties and <br /> <br />F:Atty/Reso/Reso.1621 <br />052306 <br /> <br />2 <br /> <br />14717 <br />Muff # 505 <br />