Section 550.NEW - [Newly enacted section not yet numbered](1)(a) The board of directors of the urban flood safety and water quality district may adopt an ordinance imposing a flood safety intergovernmental fee on incorporated cities and counties with territory situated within the district boundaries.(b) The purpose of this fee is to compensate the district for the overall fixed costs of operating the district and operating and maintaining district works that are not compensated for by the annual charge imposed under section 2 of this 2024 Act.(2)(a) The fee shall be imposed by the district based on the population of the incorporated cities and counties.(b) For any year, the fee may be increased by an amount that does not exceed the greater of: (A) Three percentage points over the fee for the previous year; and(B) The percentage change in the Consumer Price Index for All Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor.(3) Notwithstanding any provision of a charter or ordinance limiting the imposition of taxes, fees or other charges by the governing body of a city or county subject to the fee imposed under this section, the city or county may impose a tax, fee or charge otherwise authorized by law for the purpose of raising revenue to pay the fee imposed under this section.Added by 2024 Ch. 49,§ 3, eff. 6/6/2024.