(a) All taxes, revenues, funds, assessments, moneys, penalties, fees or other income which
may be collected or come into the possession of the collector under any provision
or provisions of this division relating to the tax shall be promptly deposited by
the collector for the account of the district in the special funds heretofore established
and maintained for the deposit of such proceeds, which fund shall be a separate bank
account established and maintained with the regularly designated fiscal agent of the
district, provided, however, any amount which is paid under protest or which is subject
to litigation may be transferred to a separate account established by the collector
with said fiscal agent pending the final determination of the protest or litigation.
(b) In compliance with the said special election of October 2, 2010, authorizing the tax,
after all reasonable and necessary costs and expenses of collecting and administration
of the tax have been paid as provided for above, the remaining balance in said special
fund shall be available for appropriation and expenditures by the governing authority
solely for the purposes designated in the applicable proposition authorizing the levy
of the tax.
(Ord. of 10-18-10, § 20, 10-18-10)
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