(a) There is levied an annual motor vehicle registration tax within the borough pursuant to the provisions of AS 28.10.431 and as such statute may hereafter be amended, revised or replaced. The rate of such tax shall be based upon the age of vehicles as determined by model year according to the following schedule:

(b) All money received by the borough under this section and AS 28.10.431, and as such statute may hereafter be amended, revised or replaced, which is not utilized under subsection (c) of this section, shall be allocated by the borough for city, borough, and service area purposes within the borough in the proportions yielded by dividing the total borough population into the population of each of their respective taxing districts, and multiplying the result of each taxing district by the mill levy of such taxing district upon the property in that district for the fiscal year. Population shall be established by the latest figures determined by the Ketchikan Gateway Borough planning department and accepted by the State of Alaska Department of Community and Regional Affairs for allocation of state revenue sharing funds or other reliable data.

(c) Subject to assembly appropriations, up to fifty (50) percent of the money received by the borough under this section and AS 28.10.431, and as such statute may hereafter be amended, revised or replaced, shall be allocated by the borough to fund a vehicle disposal system providing an enforcement program for impoundment and disposal of abandoned or junk vehicles and a program for voluntary disposal of vehicles. [Ord. No. 1529, §1, 7-6-09; Ord. No. 1005, §2, 12-2-96; Ord. No. 546, §3, 12-2-85. Code 1974 §45.11.011.]