Sec. 306.55. Any county, municipal corporation, or township | 6 |
that has created or joined a regional transit authority may | 7 |
withdraw from the regional transit authority in the manner | 8 |
provided in this section. The board of county commissioners, | 9 |
legislative authority of the municipal corporation, or board of | 10 |
township trustees of the township proposing to withdraw shall | 11 |
adopt a resolution to submit the question of withdrawing from the | 12 |
regional transit authority to the electors of the territory to be | 13 |
withdrawn and shall certify the proposal to the board of elections | 14 |
for the purpose of having the proposal placed on the ballot at the | 15 |
next general election or at a special election conducted on the | 16 |
day of the next primary election that occurs not less than | 17 |
seventy-five days after the resolution is certified to the board | 18 |
of elections. | 19 |
Upon certification of a proposal to the board of elections | 20 |
pursuant to this section, the board of elections shall make the | 21 |
necessary arrangements for the submission of the question to the | 22 |
electors of the territory to be withdrawn from the regional | 23 |
transit authority qualified to vote on the question, and the | 24 |
election shall be held, canvassed, and certified in the same | 25 |
manner as regular elections for the election of officers of the | 26 |
subdivision proposing to withdraw from the regional transit | 27 |
authority, except that the question appearing on the ballot shall | 28 |
read: | 29 |
If the question of withdrawing from the regional transit | 43 |
authority is approved, the power of the regional transit authority | 44 |
to levy a tax on taxable property in the withdrawing subdivision | 45 |
terminates, except that the authority shall continue to levy and | 46 |
collect taxes for the payment of indebtedness within the territory | 47 |
of the regional transit authority as it existed at the time the | 48 |
indebtedness was incurred. | 49 |
Upon the passage of the question proposing the withdrawal of | 50 |
any subdivision from a regional transit authority, the board of | 51 |
trustees of the regional transit authority shall ascertain, | 52 |
apportion, and order a division of the funds on hand, credits, | 53 |
moneys, and taxes in the process of collection, except for taxes | 54 |
levied for the payment of indebtedness, and real and personal | 55 |
property, either in money or in kind, between the authority and | 56 |
the withdrawing subdivision on any equitable basis consistent with | 57 |
the resolutions creating the authority and any agreements between | 58 |
the withdrawing subdivision and the authority, taking into | 59 |
consideration the prior contributions of the withdrawing | 60 |
subdivision. | 61 |