Title 12174 · Code of Ordinances

Sec. 775.105. - Purpose of tax.

Citation: Jacksonville, FL Code of Ordinances § 775.105.

Section: 775.105.

All surtax revenues and any interest accrued thereon received pursuant to this Chapter shall be used, by the Jacksonville Port Authority according to F.S. § 212.055(2), generally for the planning, design, acquisition, construction, improvement, extension or enlargement of certain harbor, port and marine shipping facilities and infrastructure improvements and equipment necessary or useful in connection therewith for the primary purpose of developing a third terminal on Dames Point; and for all related improvements at existing terminal facilities on Blount Island and Talleyrand Avenue necessary or useful in connection with developing the aforesaid third terminal project; and for any other purpose as authorized by general law of the State of Florida; provided, however, none of the revenues from the surtax shall be used to pay any debt service or costs of any nature for any revenue bonds, refunding bonds, notes or other financing instruments. (Ord. 93-2089-1394, § 2)