The following apply:
(1) The governing body of a municipality or county that establishes a district is required to collect the assessments for that district using their present tax collection process and remit for payment of the local financing or owner financing.
(2) The assessment shall be made only upon the real property whose owner has executed a written agreement with the governing body agreeing to the assessment.
(3) Proceeds may only be used to fund a local financing or an owner financing and lasts only for the term of the local financing or owner financing.
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