“(b) Bonding limitations.
1. The maximum amount of bond proceeds that a 5
district may receive from bonds issued to fund the development and construction of 6
an exposition center is $20,300,000. The district may receive additional proceeds 7
from the bonds to pay issuance or administrative costs related to the bonds, to make 8
deposits in reserve funds related to the bonds, to pay accrued or funded interest on 9
the bonds, and to pay the costs of credit enhancement for the bonds.
2. Notwithstanding the provisions of s. 229.50 (1) (c), the amount of all bonds, 11
other than refunding bonds, that may be secured by all special debt service reserve 12
funds of the district shall not exceed $20,000,000.”.
(c) Dissolution of a district
. Notwithstanding the provisions of s. 229.477, 2
subject to providing for the payment of its bonds, including interest on the bonds, and 3
the performance of its other contractual obligations, a district shall be dissolved by 4
the joint action of the district's board of directors and city of Superior.”.