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Town of Vivian Proposition
(Sales Tax Rededication)

Shall the proceeds of the one-half of one percent (1/2%) sales and use tax authorized at elections held in the Town of Vivian, Louisiana, on June 4, 1977 and September 18, 2004 (an estimated $240,000 reasonably expected at this time to be collected from the levy of the tax for an entire year), after paying the reasonable and necessary costs of collection and administration (the ''Net Avails"), be subject to funding into bonds for any of the capital purposes set forth below, including funding a reserve and paying issuance costs, and, after making all required payments in connection with said bonds, 50% of the remainder transferred monthly to the Town General Fund and expended for any lawful corporate purpose and the remaining 50% to be transferred monthly to a special fund and used for constructing, acquiring, improving, maintaining and operating (i) industrial parks and industrial park facilities, (ii) buildings, sites and other improvements for the promotion and encouragement of economic development of the Town; and (iii) recreation and other community buildings and facilities; and shall any Net Avails heretofore dedicated and unexpended for industrial purposes be subject to additional use for the above described community and recreation purposes?

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