Section 48-4503 - Certification and levy of ad valorem taxes; limitationA. On or before the second Monday in August of the fourth calendar year following the year in which the district is established and each year thereafter, the clerk of the board of supervisors of each county in which all or part of the district is located shall certify to the board of directors the total assessed valuation of all taxable property in the district and in the county.B. On or before the third Monday in August of each year, beginning in the fourth calendar year in which the district is established, the board of directors shall fix the amount to be raised by ad valorem property taxation and shall certify to the respective county boards of supervisors a tax sufficient to raise that amount. The total tax to be levied for all purposes pursuant to this section for a taxable year shall not exceed a rate of two cents per one hundred dollars of assessed valuation of all taxable property in the district. The board of directors shall approve the amount to be raised by taxation under this section as follows:1. The board shall designate the amount of the tax levy to be imposed for bonds and bond related expenses as provided by article 5 of this chapter.2. The board shall designate the amount of the tax levy to be imposed for purposes of paying for capacity costs and costs of acquiring district water that are not subject to bond financing.3. On approval by two-thirds of the members of the board of directors, taken by roll call, the board may designate an amount not exceeding one-half cent per one hundred dollars of assessed valuation to pay administrative costs of the district.C. The respective boards of supervisors shall levy and cause the tax to be collected at the same time and in the same manner as general county property taxes.D. The tax revenues collected pursuant to this section shall be paid to the district and used solely for the purposes for which they were imposed and collected.