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of bonds issued for the construction of a major capital project | | undertaken by the municipality or for municipal roads.__For the | | purposes of this section, "major capital project" means the | | construction, renovation or expansion of a building or facility to | | be used for public purposes. |
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| | | 6.__Limitations on local option tax.__When the municipal debt | | service obligation for a major capital project, as specifically | | authorized by the voters in a referendum vote authorizing the | | local option liquor, meals and lodging tax, has been satisfied or | | when the voters in a referendum vote to deauthorize the local | | option liquor, meals and lodging tax, the municipal officers | | shall notify the State Tax Assessor and the local option tax is | | repealed on the first day of the month following 90 days after | | notification of the assessor. |
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| | | 7.__Referendum.__The question of whether to impose a local | | option tax must be submitted to the legal voters of any | | municipality that seeks to impose the local option tax. |
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| | | The petition process and the voting at elections held in towns | | and plantations must be held and conducted in accordance with | | Title 30-A, sections 2528, 2529 and 2532, even if the | | municipality has not accepted the provisions of Title 30-A, | | section 2528.__The voting at elections held in municipalities | | must be held and conducted in accordance with Title 21-A.__The | | municipal clerk shall make a return of the results, certify the | | results and send them to the Secretary of State.__The Secretary | | of State shall forward the results to the State Tax Assessor and | | the Treasurer of State.__The municipal clerk shall prepare the | | required ballots, which must contain the following question: |
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| | | "Do you approve the imposition of a tax on liquor, meals and | | lodging provided within the municipal corporate limits of | | (name of municipality) at the rate of____% with all proceeds | | dedicated to the financing of a major capital project that | | is reasonably estimated to cost $____ for construction, | | renovation or expansion and is further described as follows: |
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| | | __________________________________________________________ | | ?" |
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| | | The voters shall indicate by a cross or check mark placed against | | the word "Yes" or "No" their opinion of the same. |
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| | | 8.__Effective date of tax.__The tax authorized by this section | | takes effect 120 days after the municipal referendum vote if it | | is accepted by a majority of the legal voters voting at the | | election and the total number of votes cast for and against the | | acceptance of the local option tax equals or exceeds 20% of the | | total vote cast in the most recent gubernatorial election. |
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