Title 3 REVENUE AND FINANCE
Chapter 3.32 LOCAL HOSPITALITY TAX
3.32.080 Termination.
So long as those certain bonds or certificates of
participation for the financing of the Colleton County commitment to the
Veterans Administration Nursing Home are outstanding, the Local Hospitality
Taxes shall continue to be collected by the county in the amount sufficient to
pay debt service on the bonds or certificates of participation. In all events,
bonds or certificates of participation shall mean obligations of the county used
to finance projects authorized by Title 6, Chapter 1, Article 7 (the "Local
Hospitality Tax Act"). Upon the payment in full of the bonds or certificates of
participation, the Local Hospitality Tax shall terminate. (Ord. 2000-O-28 §
8, 2000)