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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />SECTION 3. That the rate as set forth above does not exceed the amount as <br />previously authorized by Ordinance of this legislative body, and is not in excess of that <br />as previously approved by the qualified electors of the District. <br />SECTION 4. That the proceeds of the special tax shall be used to pay, in whole <br />or in part, the costs of the following, in the following order of priority: <br />A. Payment of principal of and interest on any outstanding authorized <br />bonded indebtedness; <br />B. Necessary replenishment of bond reserve funds or other reserve funds; <br />C. Payment of costs and expenses of authorized public facilities; <br />D. Repayment of advances and loans, if appropriate. <br />E. Payment of District administrative costs. <br />The proceeds of the special taxes shall be used as set forth above, and <br />shall not be used for any other purpose. <br />SECTION 5. The special tax shall be collected in the same manner as ordinary <br />ad valorem property taxes are collected, and shall be subject to the same penalties and <br />same procedure and sale in cases of any delinquency for ad valorem taxes, and the Tax <br />Collector is hereby authorized to deduct reasonable administrative costs incurred in <br />collecting any said special tax. <br />SECTION 6. All monies above collected shall be paid into the Community <br />Facilities District funds, including any bond fund and reserve fund. <br />