§ 11-46. Tax considerations.

Latest version.

It is intended that the plan be and remain tax exempt pursuant to the Internal Revenue Code of 1986, as amended. The provisions of this article shall be interpreted in accordance with such intent. The city commission may enact ordinances and resolutions to implement such tax exempt status.

(Ord. No. 124-X-O, § 1(16-21), 9-12-89; Ord. No. 124-X-P, § 1, 12-18-90)

                    
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