The governing body of a municipality may levy ad valorem taxes upon real and tangible personal property within the municipality as it deems necessary to make payment, including principal and interest, upon the general obligation and ad valorem bonded indebtedness of the municipality or into any sinking funds created under s. 166.122.
Fla. Stat. § 166.131
Levy of taxes for payment of debt
Known as the Municipal Home Rule Powers Act
The act spans §§ 166–166 (61 sections).
History.--s. 1, ch. 73-129.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.