7-2-6105. Effect of election -- resolution by board of county commissioners -- sharing of tax collections. (1) After the canvas of votes cast in an election held in accordance with 7-2-6104, for a hospital district petition, if more than 50% of the votes cast approve the proposed hospital district boundary change, then the board of county commissioners shall, by resolution, declare the boundary to be changed to the new hospital districts as of July 1 immediately following the election. The resolution must contain the legal description of each of the hospital districts.

(2) (a) If an existing hospital district is divided into two districts, the number of voted mills in the existing district must be levied in each district.

(b) The voted mills must be levied in the newly separated district each year for the first 8 fiscal years following the division in subsection (1). The newly separated district may, but is not obligated to, levy mills pursuant to 7-34-2133.

(3) The newly separated district shall make payments to the existing hospital district in each of the first 8 fiscal years after the effective date in subsection (1) based on a percentage of the newly separated hospital district's tax collections as follows:

(a) 70% of collections in the first year;

(b) 60% of collections in the second through fourth years;

(c) 40% of collections in the fifth and sixth years; and

(d) 20% of collections in the seventh and eighth years.