Levy for industrial development district purposes—Excess funds to be used solely for retirement of general obligations. (Effective until January 1, 2026.)
In the event the levy herein authorized shall produce revenue in excess of the requirements to complete the projects of a port district then provided for in its comprehensive scheme of harbor improvements and industrial developments or amendments thereto, said excess shall be used solely for the retirement of general obligation bonded indebtedness.
[ 1957 c 265 s 2.]