HARRY HUGHES, Governor

145

(2) A TAXING AUTHORITY DOES NOT MEET THE REQUIREMENTS
OF THIS SECTION UNTIL IT PROVIDES TO THE DEPARTMENT:

(I)  ON OR BEFORE 15 DAYS AFTER THE DATE OF THE
ADVERTISEMENT REQUIRED BY THIS SECTION A COPY OF THE ENTIRE
NEWSPAPER PAGE THAT CARRIED THE MEETING NOTICE REQUIRED BY THIS
SECTION; OR

(II)  THE EVIDENCE THAT THE DEPARTMENT REQUIRES
OF THE MAILING OF THE NOTICES DESCRIBED IN SUBSECTION (C) OF THIS
SECTION.

(C)  NOTICE OF RATE CHANGE.

IF A TAXING AUTHORITY INTENDS TO SET A COUNTY OR MUNICIPAL
CORPORATION PROPERTY TAX RATE THAT EXCEEDS THE CONSTANT YIELD TAX
RATE, IT SHALL ADVERTISE TO THE PUBLIC BY:

(1)  PLACING AN ADVERTISEMENT THAT SATISFIES THE
DEPARTMENT AND MEETS THE REQUIREMENTS OF THIS SECTION IN A
NEWSPAPER OF GENERAL CIRCULATION IN THE • JURISDICTION OF THE
TAXING AUTHORITY; OR

(2)  MAILING A NOTICE THAT MEETS THE REQUIREMENTS OF
THIS SECTION TO EACH PROPERTY TAXPAYER WHO RESIDES IN THE
JURISDICTION.

(D)  FORM AND PLACEMENT OF ADVERTISEMENT.

(1)  THE ADVERTISEMENT SHALL BE AT LEAST 1/4 OF A PAGE
IN SIZE FOR COUNTIES AND 1/8 OF A PAGE IN SIZE FOR MUNICIPAL
CORPORATIONS.

(2)  THE TYPE THAT IS USED IN THE ADVERTISEMENT SHALL
BE:

(I)  AT LEAST 18 POINT FOR COUNTIES; AND

(II)  AT LEAST 12 POINT WITH ALL LETTERS
CAPITALIZED FOR MUNICIPAL CORPORATIONS.

(3)  THE ADVERTISEMENT MAY NOT BE PLACED WITH LEGAL
NOTICES OR CLASSIFIED ADVERTISEMENTS.

(E)  CONTENTS OF NOTICE.
THE NOTICE SHALL STATE:

(1)  THAT THE MEETING IS BEING HELD TO HEAR COMMENTS
REGARDING AN INCREASE IN THE COUNTY OR MUNICIPAL CORPORATION
PROPERTY TAX RATE THAT WILL MAKE THE RATE EXCEED THE CONSTANT
YIELD TAX RATE; AND

(2)  THE DAY, TIME, AND LOCATION OF THE MEETING.