The proceeds of any special tax shall constitute a trust fund to be used exclusively for the objects and purposes for which the tax was levied. The records of the taxing authority shall clearly reflect the objects and purposes for which the proceeds of the tax are used.
R.S. 39:704 active rs title
Proceeds of special tax ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1986, No. 687, §1