Common use of Effectuation of Pledge; Appropriation; Regulatory Amendment Clause in Contracts

Effectuation of Pledge; Appropriation; Regulatory Amendment. Except as limited by this CABEA, the amounts to be paid under this CABEA are hereby appropriated for that purpose, and such amounts shall be included in the annual budgets and the appropriation resolutions or measures to be adopted or passed by the board of directors of each CAB District in each year this CABEA remains in effect. The CAB shall direct the mill levy to be imposed each year by the CAB Districts. No provisions of any constitution, statute, resolution, or other measure enacted after the execution of this CABEA shall in any manner be construed as limiting or impairing the obligations of a CAB District to levy, administer, enforce, and collect the ad valorem property taxes and other revenues required for the payment of its obligations under this CABEA. It shall be the duty of the Board of each CAB District annually, at the time and in the manner provided by law for the levying of such CAB District’s taxes, to ratify and carry out the provisions of this CABEA regarding the levy and collection of the ad valorem property taxes specified under this CABEA, and to require the officers of the CAB District to cause the appropriate officials of the County, to levy, extend, and collect such taxes in the manner provided by law.