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i Jva% <br />BOOK <br />ORDINANCE NO. 93- 27 <br />90 P, GF 13 <br />SECTION 2. Amendment to Section 210.03 (b) , Authorized Uses of <br />Revenue <br />Section 210.03(b) is hereby amended to read: <br />(b) .TYIO / t0*0)Jtj0$ l 10 / 150 / ja$tjl od / ftolh l Yno l 1'oilitjol <br />00*0141holii/10/bit /160/$Y0,11011/YolWON /444/YVOYA00 <br />WoAlhoo l DOW l 140004/ bt l 010/ ¢oviiitt l fot l 1110 / blW0404 <br />40MOiYil Y / 4000ft / M III lot Up to fifty (50) percent of <br />the revenues to be derived from the tourist development <br />'tax Ifi4$ shall be pledged/ to secure and liquidate <br />revenue bonds 'issued by the county for the purposes <br />set forth in section (a) (4) of this section. Up to <br />one-half of the remaining revenue may be pledged to <br />secure and liquidate revenue bonds issued by the county <br />for the purposes set forth in section (a)(1).11 <br />SECTION 3. Codification <br />The provisions of this ordinance shall be incorporated into the <br />Indian River County Code and the word "ordinance" may be changed to <br />"section", "article", or other appropriate word, and the sections of the <br />A <br />ordinance may be renumbered or relettered to accomplish such intentions. <br />SECTION 4. Severability <br />If any section, part of a sentence, paragraph, phrase or word of <br />this ordinance is for any reason held to be unconstitutional, inoperative or <br />void, such holding shall not affect the remaining portions hereof and it shall <br />be construed to have been the legislative intent to pass this ordinance <br />without such unconstitutional, invalid or inoperative part. <br />SECTION 5.' Effective Date <br />The effective date of the levy and imposition of this tax authorized <br />under F.S. 125.0104(3)(d) shall. be September 1, 1993. <br />CODING: Words intype are deletions from existing law; <br />words underlined are additions. <br />10 <br />M <br />