§11-8-6d. Maximum levies on each classification by municipalities; order of levy.
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/wv/chapter-11-taxation/article-8-levies/11-8-6d·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The governing body of a municipality is hereby authorized to lay not in excess of the following maximum levies, for the purposes specified, and in the following order:
(1)For the payment of
(a)principal and interest upon bonded indebtedness incurred prior to the adoption of the Tax Limitation Amendment; and to the extent not so required,
(b)other legally incurred contractual indebtedness, not bonded, if any, incurred prior to the adoption of the Tax Limitation Amendment, as follows: On Class I property, one and five tenths cents; on Class II property, 3¢; and on Class IV property, 6¢.
(2)For general current expense purposes, as follows: On Class I property, 11¢; on Class II property, 22¢; and on Class IV property, 44¢.